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Anne earns a gross yearly salary of $170,845. She has no dependent children and made the following tax deductible purchases: Charitable contributions: $8,947 Student
Anne earns a gross yearly salary of $170,845. She has no dependent children and made the following tax deductible purchases: Charitable contributions: $8,947 Student loan interest: $717 When she files her taxes, what will her tax refund be? Round your answer to the nearest dollar. Use the following information: Standard deduction for single filers: $12,550 2021 Individual Taxpayers If Taxable Income is Between: $0-$9,950 $9,951-$40,525 $40,526-$86,375 $86.376-$164,925 $164,926-$209,425 $209,426-$523,600 $523,601 or more The Tax Due is: 10% of taxable income $995 plus 12% of the amount over $9,950 $4,664 plus 22% of the amount over $40,525 $14,751 plus 24% of the amount over $86,375 $33,603 plus 32% of the amours over $164,925 $47,843 plus 35% of the amount over $209,425 $157,804.25 plus 37% of the amount over $523,600 Biweekly allowance: $165,38 per person.
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