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Jess made $58,000 in wages last year, and she earned $275 in interest from a savings account. Jess also contributed $1200 to a tax-deferred savings

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Jess made $58,000 in wages last year, and she earned $275 in interest from a savings account. Jess also contributed $1200 to a tax-deferred savings plan. She has the following deductions: $7000 in mortgage interest, $1700 in property taxes, and $1000 in charitable contributions. Jess has a $500 tax credit for getting an energy-efficient air conditioner installed in her house. Jess is unmarried and has no children. What is her gross income? Type your answer in the blank, rounded to the nearest cent. Do not include the dollar sign! Jess made $58,000 in wages last year, and she earned $275 in interest from a savings account. Jess also contributed $1200 to a tax-deferred savings plan. She has the following deductions: $7000 in mortgage interest, $1700 in property taxes, and $1000 in charitable contributions. Jess has a $500 tax credit for getting an energy-efficient air conditioner installed in her house. Jess is unmarried and has no children. What is her adjusted gross income? Type your answer in the blank, rounded to the nearest cent. Do not include the dollar sign! Jess made $58,000 in wages last year, and she earned $275 in interest from a savings account. Jess also contributed $1200 to a tax-deferred savings plan. She has the following deductions: $7000 in mortgage interest, $1700 in property taxes, and $1000 in charitable contributions. Jess has a $500 tax credit for getting an energy-efficient air conditioner installed in her house. Jess is unmarried and has no children. What is her taxable income? Type your answer in the blank, rounded to the nearest cent. Do not include the dollar sign! TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Married out ly Urime Purtare Minnie and both perfren le vlople forters Urmarried andre ther half the tool Her parel Tax Rate 10% 15% up to $9275 25% Single up to $9275 $9276 to 537.650 $37.651 to $91.150 591.151 to $190,150 5190,151 to 5413.350 5413.151 to $415,050 more than $415.050 Married Filing Married Head of Separately Filing Jointly Household up to $18.550 up to $13,250 59276 to $37.650 $18551 1o 573,300 $13,251 to $50,400 $37,651 to $75,950 $75,301 to $15.00 $50,401 to $130,150 $75.951 to $115,725 5151.901 to $231,450 $130,151 to $210,800 5115,726 to $26,675 5231 451 to 5413,350 $210801 to $413,350 $206,676 to 5233,475 5413,151 10 5466,950 $413.351 10 $441 more than $233,475 more than $466,950 more than $141.000 33% 159 196% Standard Deduction Exemptions (per penon) 56.300 56.300 $12.00 59000 5100 54050 $4080 S1050 Jess made $58,000 in wages last year, and she earned $275 in interest from a savings account. Jess also contributed $1200 to a tax-deferred savings plan. She has the following deductions: $7000 in mortgage interest, $1700 in property taxes, and $1000 in charitable contributions. Jess has a $500 tax credit for getting an energy-efficient air conditioner installed in her house. Jess is unmarried and has no children. What is her income tax? Type your answer in the blank, rounded to the nearest cent. Do not include the dollar sign! TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Urmarried Married dlari, purtarea nelle parte lettere Married we both partoon ne Byle tue neler Unnurried spring and cort of porting child of put Tax Rate 10% Single Married Filing Separately up to $9275 up to $9275 1596 25% 28% 33% 35% $9276 to $37,650 $37,651 to $91.150 591.151 to $190,150 $190,151 to $413.350 5413351 to $415050 more than $415,050 $9276 to $37,650 $37,651 to $75,950 $75.951 to $115,725 $115,726 to $206,675 $206,676 to 5233,475 more than $233,475 Married Head of Filing Jointly Household up to $18.350 up to $13.250 $18,551 to $75,300 $13,251 to $50,400 $75,301 to $151,900 $50,401 to $130,150 S151.901 to $231,450 $130,151 10 $210,800 $231.451 to $413,350 $210,801 to 5413,350 $413,351 to $466,950 $413 351 to $141.000 more than 5466,950 more than $441,000 Standard Deduction Exemptions per person) 56300 $6300 $12.600 $4050 $9300 54050 S1050 5.1050 Jess made $58,000 in wages last year, and she earned $275 in interest from a savings account. Jess also contributed $1200 to a tax-deferred savings plan. She has the following deductions: $7000 in mortgage interest, $1700 in property taxes, and $1000 in charitable contributions. Jess has a $500 tax credit for getting an energy-efficient air conditioner installed in her house. Jess is unmarried and has no children. What is her gross income? Type your answer in the blank, rounded to the nearest cent. Do not include the dollar sign! Jess made $58,000 in wages last year, and she earned $275 in interest from a savings account. Jess also contributed $1200 to a tax-deferred savings plan. She has the following deductions: $7000 in mortgage interest, $1700 in property taxes, and $1000 in charitable contributions. Jess has a $500 tax credit for getting an energy-efficient air conditioner installed in her house. Jess is unmarried and has no children. What is her adjusted gross income? Type your answer in the blank, rounded to the nearest cent. Do not include the dollar sign! Jess made $58,000 in wages last year, and she earned $275 in interest from a savings account. Jess also contributed $1200 to a tax-deferred savings plan. She has the following deductions: $7000 in mortgage interest, $1700 in property taxes, and $1000 in charitable contributions. Jess has a $500 tax credit for getting an energy-efficient air conditioner installed in her house. Jess is unmarried and has no children. What is her taxable income? Type your answer in the blank, rounded to the nearest cent. Do not include the dollar sign! TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Married out ly Urime Purtare Minnie and both perfren le vlople forters Urmarried andre ther half the tool Her parel Tax Rate 10% 15% up to $9275 25% Single up to $9275 $9276 to 537.650 $37.651 to $91.150 591.151 to $190,150 5190,151 to 5413.350 5413.151 to $415,050 more than $415.050 Married Filing Married Head of Separately Filing Jointly Household up to $18.550 up to $13,250 59276 to $37.650 $18551 1o 573,300 $13,251 to $50,400 $37,651 to $75,950 $75,301 to $15.00 $50,401 to $130,150 $75.951 to $115,725 5151.901 to $231,450 $130,151 to $210,800 5115,726 to $26,675 5231 451 to 5413,350 $210801 to $413,350 $206,676 to 5233,475 5413,151 10 5466,950 $413.351 10 $441 more than $233,475 more than $466,950 more than $141.000 33% 159 196% Standard Deduction Exemptions (per penon) 56.300 56.300 $12.00 59000 5100 54050 $4080 S1050 Jess made $58,000 in wages last year, and she earned $275 in interest from a savings account. Jess also contributed $1200 to a tax-deferred savings plan. She has the following deductions: $7000 in mortgage interest, $1700 in property taxes, and $1000 in charitable contributions. Jess has a $500 tax credit for getting an energy-efficient air conditioner installed in her house. Jess is unmarried and has no children. What is her income tax? Type your answer in the blank, rounded to the nearest cent. Do not include the dollar sign! TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Urmarried Married dlari, purtarea nelle parte lettere Married we both partoon ne Byle tue neler Unnurried spring and cort of porting child of put Tax Rate 10% Single Married Filing Separately up to $9275 up to $9275 1596 25% 28% 33% 35% $9276 to $37,650 $37,651 to $91.150 591.151 to $190,150 $190,151 to $413.350 5413351 to $415050 more than $415,050 $9276 to $37,650 $37,651 to $75,950 $75.951 to $115,725 $115,726 to $206,675 $206,676 to 5233,475 more than $233,475 Married Head of Filing Jointly Household up to $18.350 up to $13.250 $18,551 to $75,300 $13,251 to $50,400 $75,301 to $151,900 $50,401 to $130,150 S151.901 to $231,450 $130,151 10 $210,800 $231.451 to $413,350 $210,801 to 5413,350 $413,351 to $466,950 $413 351 to $141.000 more than 5466,950 more than $441,000 Standard Deduction Exemptions per person) 56300 $6300 $12.600 $4050 $9300 54050 S1050 5.1050

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