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Nancy is single, with an Adjusted Gross Income of $25,985. She has one exemption of $8200. What is the amount of tax due? $2301 $1936 $2294 $1929

User DaKmoR
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2 Answers

1 vote

Answer:

Answer is $2301.

Got it wrong on the quiz but will provide image for proof that this is correct.

Explanation:

Nancy is single, with an Adjusted Gross Income of $25,985. She has one exemption of-example-1
User Jakirkham
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8.1k points
7 votes
Take her gross income and subtract her exemption of 8200. The number you get is what she needs to pay tax on. I can't really go any further, I need a table of information to go off of to further the answer. Although assuming you would have a tax bracket, you would simply just read to the right and a value in the single column will be your answer. Sorry, not much to go off here :/.
User BevansDesign
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8.5k points