Question

Leanne earns a gross yearly salary of $165,314. She has no dependent children and made the following tax deductible purchases:

Charitable contributions: $6,524
Student loan interest: $791

When she files her taxes, what will her tax refund be?

Round your answer to the nearest dollar.

Use the following information:

Standard deduction for single filers: $12200

Individual Taxpayers The Tax Due Is: If Taxable Income Is Between: 10% of taxable income 0 - $9,700 $9,701 - $39,475 $970 + 12% of the amount over $9,700 $39,476 - $84,200 $4,543 + 22% of the amount over $39,475 $84,201 - $160,725 $14,382.50 +24% of the amount over $84,200 $160,726 - $204,100 $32,748.50 +32% of the amount over $160,725 $204,101 - $510,300 $46,628.50 + 35% of the amount over $204,100 $510,301 + $153,798.50 +37% of the amount over $510,300

Biweekly allowance: $161.54 per person.

For your final answer proceed as:
Annual Income Tax Pay/Refund = Total Annual Withholding - Final Income Tax.
If the person has to pay the government, type the number with a negative sign. For example -1280.
If the person has to receive a refund from government, type the number without sign. For example 1280.

Answer 1

the above question was solved based onthe information given in the question and information taken from the us tax rules. actually there are federal taxes and state taxes and some other taxes were applicable to tax payers but the question was solved only up to the information given,

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