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Based on the following information calculate Amy's income taxes. Her income tax rate is 10%: Earned wages of $20,000 Received $200 of interest on her
Based on the following information calculate Amy's income taxes. Her income tax rate is 10%:
- Earned wages of $20,000
- Received $200 of interest on her bank savings account
- Paid $300 of income taxes to France
- Paid $400 of interest on her home mortgage
- Had a casualty loss that occurred in a federally declared disaster area of $500
- Had $600 in unreimbursed moving expenses when the US Army relocated her to a military base in France
- Paid $700 in alimony to her former spouse
- Paid $800 of interest on the balance on her credit card
- Had gambling losses of $900 but had no ($0) gambling winnings
- Qualified for a $100 child tax credit
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