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Carol is single and has an adjusted gross income of $33,785. She claims one

exemption of $12,400. What is her taxable income?
Using the table below, what is her tax due?
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Carol is single and has an adjusted gross income of $33,785. She claims one exemption-example-1

1 Answer

1 vote

Carol's taxable income is $21,385.

Carol's tax due is $2566.2.

How the taxable income was calculated.

Given

Carol is single and has an adjusted gross income of $33,785. She claims one

exemption of $12,400.

The taxable income = gross income - exemption

Taxable income = 33785 - 12400

= 21385

Carol's taxable income is $21,385.

Tax due refers to the amount of money an individual or entity owes to the government based on their income, transactions, or other taxable activities, after accounting for deductions and credits.

b) What is Carol tax due

From the table for single and salary income of $21,385 the tax due is $2,566.2

Or

For salary between $21000 and $40000, the tax rate is 12%.

Due rate = 21385 x 12/100

= 2,566.2

The tax due is $2566.2

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