Question
Your W-2 form reports that your total wages were $76,890 for 2018. Your W-2 form also reports that $9,187 was withheld from your wages for
Your W-2 form reports that your total wages were $76,890 for 2018. Your W-2 form also reports that $9,187 was withheld from your wages for federal income tax. You receive a 1099-INT from your bank that indicated interest earned of $5866. You are single and not claimed by any other person as a dependent.
How much is your adjusted gross income?
76890 + int earned 5866 = 82756
How much is your taxable income?
82756 - 12000 = 70756
What is your total tax for the year?
What is the amount of your payment or refund?
What tax bracket does this person fall into?
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As per your question used 12000 as standard deductions which means the incom...
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
6th Canadian edition
1259024962, 978-1259024962
