Question
Leanne earns a gross yearly salary of $165,314. She has no dependent children and made the following tax deductible purchases: Charitable contributions: $6,524 Student loan
Leanne earns a gross yearly salary of $165,314. She has no dependent children and made the following tax deductible purchases:
Charitable contributions: $6,524 Student loan interest: $791
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: $12200
Biweekly allowance: $161.54 per person.
For your final answer proceed as: Annual Income Tax Pay/Refund = Total Annual Withholding - Final Income Tax. If the person has to pay the government, type the number with a negative sign. For example -1280. If the person has to receive a refund from government, type the number without sign. For example 1280.
If Taxable Income Is Between: 0-$9,700 $9,701 - $39,475 $39,476 - $84,200 $84,201 - $160,725 $160,726 $204,100 $204,101 - $510,300 $510,301 + Individual Taxpayers The Tax Due Is: 10% of taxable income $970+ 12% of the amount over $9,700 $4,543 +22% of the amount over $39,475 $14,382.50 +24% of the amount over $84,200 $32,748.50 +32% of the amount over $160,725 $46,628.50 +35% of the amount over $204,100 $153,798.50 +37% of the amount over $510,300 2019 Single Person Biweekly Withholding Table Taxable Wages $0-$146 $146 - $519 $519 - $1,664 $1,664 - $3,385 $3,385 - $6,328 $6,328 - $7,996 $7,996 $19,773 $19,773 or more Wages Withholding $0.00 $0.00 plus 10% of amount exceeding $146 $37.30 plus 12% of amount exceeding $519 $174.70 plus 22% of amount exceeding $1,664 $553.32 plus 24% of amount exceeding $3,385 $1,259.64 plus 32% of amount exceeding $6,328 $1,793.40 35% of amount exceeding $7,996 $5,915.35 plus 37% of amount exceeding $19,773
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