Question
Maria is single, works in Syracuse, NY, and earns a real salary of $99,444. She contributes 15% of her salary to a 401(k) through her
Maria is single, works in Syracuse, NY, and earns a real salary of $99,444. She contributes 15% of her salary to a 401(k) through her employer, and takes a standard deduction. Her only addition to her income is $33.58. a. Calculate Maria's federal income tax owed. b. Calculate Maria's New York state income tax owed.
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Step: 1
To calculate Marias federal income tax owed we first need to determine her taxable income Then we can apply the appropriate tax rates Given that Maria ...
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Taxation Of Individuals And Business Entities 2015
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
6th Edition
978-1259206955, 1259206955, 77862368, 978-0077862367
