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Use the 2 0 2 0 tax information below to answer these questions. Tax Rates Rate Single Married Filing Jointly 1 0 % $ 0
Use the tax information below to answer these questions.
Tax Rates
Rate Single Married Filing Jointly
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ $ $ $
$ or more $ or more
Standard Deductions
Single Married Filing Jointly
$ $
Mya is a single person with no children whose gross income is $ She also has the following adjustments and deductions.
Adjustments:
$ for contributions to a health saving account
Deductions:
$ in property tax
$ in mortgage interest
$ in charitable contributions
Find Mya's adjusted gross income. Round your answer to the nearest cent.
$
Will Mya use the standard deduction or itemized deductions?
Standard
Itemized
Find Mya's taxable income. Round your answer to the nearest cent.
$
Compute Mya's tax owed. Round your answer to the nearest cent.
$
Suppose Mya's W says that she paid $ in taxes in Is Mya due a refund, or does she owe additional taxes?
Refund Due
Owes Taxes
Calculate Mya's taxes owed or refund.
$
Round to the nearest cent
Mya's taxable income fell into the marginal tax bracket. What percent of her gross household income did she pay in taxes? Answer as a percent, rounded to one decimal place.
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