Question
Adjusted Gross Income (AGI) = Wages + interestTaxable income = AGI - standard individual deduction ($12,000) #1. Your W-2 form reports that your total wages
Adjusted Gross Income (AGI) = Wages + interestTaxable income = AGI - standard individual deduction ($12,000)
#1. Your W-2 form reports that your total wages were $35,539 for 2018. Your W-2 form also reports that $4,053 was withheld from your wages for federal income tax. You receive a 1099-INT from your bank that indicated interest earned of $281. You are single and not claimed by any other person as a dependent.
1.How much is your adjusted gross income?
2.How much is your taxable income?
3.What is your total tax for the year?
4.What is the amount of your payment or refund?
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Auditing An International Approach
Authors: Wally J. Smieliauskas, Kathryn Bewley
6th edition
978-0070968295, 9781259087462, 978-0071051415
