Bang Nguyen Recently Graduated from College and Started Working in a Good

question 21

Multiple Choice

Bang Nguyen recently graduated from college and started working in a good job. He has a little money invested in a stock that pays no dividends. He lives in an apartment, is single, and has no dependents. He has a $22,000 student loan balance and he paid $600 interest in 2011. He is considering going back to school part-time for some additional computer classes. He does not have a personal IRA and he contributed 2% of his $38,750 salary to his 401K plan at work for 2011. He is just completing his tax return for 2011. Based on the information below, answer the following questions.

-What will Bang's total tax liability be for 2011?

• A) $4,278.75
• B) $3,756.25
• C) $2,852.50
• D) $7,131.25

---

Definitions:

Childbearing Age

Typically refers to the years in which a woman is biologically able to conceive and bear children, often considered to be between late teenage years and late 40s.

United States

A country located primarily in North America, consisting of 50 states and a federal district.

Uterine Fibroids

Noncancerous growths in the uterus that often appear during childbearing years, sometimes causing pain or heavy menstrual bleeding.

Uterine Leiomyoma

A benign tumor of smooth muscle in the uterus, often referred to as a fibroid, which may cause various symptoms or none at all.