Nathan Is 24 Years Old and Works as an Accountant

question 19

Essay

Nathan is 24 years old and works as an accountant in a salmon cannery in Alaska.His total wages for 2013 were $32,000.Federal income tax of $4,500 was withheld from his wages.His only other income was $210 of interest and he had no deductible expenses.
Calculate the income tax due or income tax refund on Nathan's 2013 individual income tax return.Use the tax formula for individuals and show your work.

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Definitions:

Chi-squared Test

A statistical method used to determine if there is a significant association between two categorical variables.

Null Hypothesis

A theory positing no substantial variance between designated groups, attributing any noted disparity to errors in sampling or experimentation.

Normal Distribution

A probability distribution, symmetric around the mean, shows that datasets close to the mean are encountered more often than ones farther away.

Goodness-of-fit Test

A goodness-of-fit test is a statistical test used to determine how well a set of observed values fits a specific distribution or model.