This is the data that the math book has. How can I come up with a total of

  • Thread starter Thread starter shortyli0115
  • Start date Start date
S

shortyli0115

Guest
$2442.50 using this tax information? Info: Unmarried head of household with two dependent children.
Gross Income-$50000 with no adjustments
Deductions: $4500 state taxes and $2000 theft loss
Tax Credit: $2000
$3200 exemptions per person
Tax Table- 10% up to $10,450, 15% for $10451 to $39800 and 25% for $39801 to$102,800

This is the question and information that is presented in the math book. I keep going over by $120. Can anyone help with this tax problem.
 
Back
Top