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Tiffany's annual gross salary is $52,586.39. a. Determine how much in federal taxes she owes using only the standard deduction and personal exemption. Assume she
Tiffany's annual gross salary is $52,586.39. a. Determine how much in federal taxes she owes using only the standard deduction and personal exemption. Assume she is single. Be sure to use $12,550 for the standard deduction and $0 for the personal exemption. Show all work. Answer: $4,606.75 b. If Tiffany lives in Virginia, determine how much in state taxes she owes using only the standard deduction and personal exemption. Assume she is single. Show all work. Answer: $2,453.99 Tiffany's annual gross salary is $52,586.39. a. Determine how much in federal taxes she owes using only the standard deduction and personal exemption. Assume she is single. Be sure to use $12,550 for the standard deduction and $0 for the personal exemption. Show all work. Answer: $4,606.75 b. If Tiffany lives in Virginia, determine how much in state taxes she owes using only the standard deduction and personal exemption. Assume she is single. Show all work. Answer: $2,453.99
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