zu AaBbce AaBbce AaBbc AaBbcc Aalbcd Aabbo AaBbc Emphasis Heading 1 Heading 2 Normal Strong Subtitle Title A , Font Paragraph Styles 5 5. Emma Williams received the following items and amounts of income during 2014. Table 6 Salary $48,500 Dividends 600 Gift from mother 500 Child support from ex-husband 3,300 Interest on savings account 300 Rent 550 Loan from bank 1,000 Interest on state government bonds 400 What is her total gross income? What portion of her income is tax exempt? After calculating her gross income, Emma wants to calculate her tax liability (how much she has to pay or is owed in taxes). She can claim the standard deduction allowed by the IRS ($6,200) and can claim an exemption worth $3,900 for every person in her household. Use the tax rate table below. What does Emma have to pay the IRS in taxes? Table 7 2014 Tax Rate Schedules Do O . cer Emphass Heading 1 Heading 2 1 Normal Strong Subtitle Title Prind To 1 D Select Paragraph What is her total gross income? Sys What portion of her income is tax exempt? After calculating her gross income, Emma wants to calculate her tax liability (how much she has to pay or is owed in taxes). She can claim the standard deduction allowed by the IRS (56.200) and can claim an exemption worth $3,900 for every person in her household. Use the tax rate table below. What does Emma have to pay the IRS in taxes? Table 7 2014 Tax Rate Schedules The tax is: Schedule X-If your filing status is Single If your taxable income is: But not Over- over- $0 $9,075 9,075 36.900 36,900 89,350 89,350 186.350 186,350 405,100 405,100 406,750 406,750 of the amount over so 9.075 . 1046 5907.50 15 5,081.25 +25 18,193.75.28 45,353.75 +33 117,541.25 +35 118,118.75 39.6 35.900 89,350 186,350 405,100 406,750