Find the Tax in the Following Application Problems

question 27

Multiple Choice

Find the tax in the following application problems. Use $4050 for each personal deduction, a standard deduction of $6300 for single taxpayers, $12,600 for married taxpayers filing jointly, $6300 for married taxpayers filing separately, and $9300 for head of household and the tax rate schedule.
-Jennifer Binh is single and claims one exemption. Her salary last year was $95,949, and she had other income of $5,852 and interest income of $8,110. She has adjustment to income of $2,218 for an IRA contribution. Her itemized deductions are $4,996 in mortgage interest, $2,376 in state income tax, $1,642 in real estate taxes, and $782 in charitable contributions.

• A)$19,674.25
• B)$19,313.91
• C)$2,967.16
• D)$21,111.04

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Definitions:

Negative Stereotype

A fixed, overgeneralized belief about a particular group or class of people that is unfavorable or harmful.

Out-Group

A social group toward which an individual feels a sense of competition or opposition, as opposed to an "in-group," which elicits feelings of loyalty and belonging.

Equal Pay Act

A labor law that prohibits gender-based wage discrimination, mandating equal pay for equal work performed by men and women.

Manufacturing Facilities

Places designed and equipped for the manufacturing of goods and products.