ZuoTi.Pro
Question

Marlena Rodriguez's annual salary is $67,500. Her personal exemptions total $1,500. The annual tax withheld is:...

Marlena Rodriguez's annual salary is $67,500. Her personal exemptions total $1,500. The annual tax withheld is: 2.5 percent of the 1st $1,000, 3.0 percent of the next $2,500, 4.5 percent of the next $2,000, and 8.0 percent over $5,000. How much is deducted annually from her salary for state income tax?

a

$3,125.00

b

$267.92

c

$5,030.00

d

$3,215.00
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

72 Taxalde Amount = $ 67,500 - $ 1,500 $ 66,000 = 1st $1,000 Next $2,500 Next $2,000 Balance . $ 1000 x 2.5% $ 2,500 x 3% $ 2

0 0
Add a comment
Know the answer?
Add Answer to:
Marlena Rodriguez's annual salary is $67,500. Her personal exemptions total $1,500. The annual tax withheld is:...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Warren Anderson's annual salary is $54,500. His personal exemptions total $1,500. The annual tax withheld is:...

    Warren Anderson's annual salary is $54,500. His personal exemptions total $1,500. The annual tax withheld is: 1.5 percent of the 1st $1,000, 3.0 percent of the next $2,000, 4.5 percent of the next $2,000, and 6.0 percent over $5,000. How much is deducted annually for state income tax? a $3,045 b $3,450 c $2,725 d $2,565 O

  • Laura had $3,000 of state income taxes withheld from her salary in 2019. Laura properly claimed...

    Laura had $3,000 of state income taxes withheld from her salary in 2019. Laura properly claimed the standard deduction on her Form 1040 for 2019. Her 2019 state tax return (filed on April 15, 2020) showed an $1,000 refund, which she received on May 25, 2020. How much of the state tax refund should be included in income on her 2020 federal return? $400 $0 $100 $200 $600

  • 11. Sam is single, 30, and has no children. He made a salary of $250,000 with S40,000 in Federal withholding. He has the following items: Medical Mortgage interest Credit card interest Property ta...

    11. Sam is single, 30, and has no children. He made a salary of $250,000 with S40,000 in Federal withholding. He has the following items: Medical Mortgage interest Credit card interest Property tax Sales tax State income tax withheld Charitable contributions Tax return preparation fee 8,000 5,000 2,000 2,500 1,500 22,000 1,000 500 Please show your work. Compute the adjusted gross income. Compute the itemized deductions before any limitations. Compute the itemized deductions after any limitations. Compute the taxable income....

  • 5.Jacque Smith, an interior designer, is one-year shy of her thirtieth birthday. She has come to...

    5.Jacque Smith, an interior designer, is one-year shy of her thirtieth birthday. She has come to you for help in preparing her taxes. Use the information in the chapter, as well as the assumptions below, to answer the following questions: •She is single; •She has one child; •She made $39,500 is wages last year; •She earned $300 in taxable interest last year; •Last year she received a $100 tax refund from the State of Georgia, where she is resident; •She...

  • 5.Jacque Smith, an interior designer, is one-year shy of her thirtieth birthday. She has come to...

    5.Jacque Smith, an interior designer, is one-year shy of her thirtieth birthday. She has come to you for help in preparing her taxes. Use the information in the chapter, as well as the assumptions below, to answer the following questions: •She is single; •She has one child; •She made $39,500 is wages last year; •She earned $300 in taxable interest last year; •Last year she received a $100 tax refund from the State of Georgia, where she is resident; •She...

  • Stephanie recently received an offer for a job that will pay her $70,000 a year (before...

    Stephanie recently received an offer for a job that will pay her $70,000 a year (before taxes). She knows that she'd like to be able to buy a new vehicle within a few years after graduating this upcoming spring. Here's some more information about Stephanie's goal: She anticipates $70,000 a year as an annual pre-tax salary (with $4,500 a month post-tax) $30,000 owed in student loans when she graduates, with a $200 monthly payment $5,000 in her savings account, which...

  • how to construct a balance with this information? Brandon and Jill Bowden Case Client: Brandon (age...

    how to construct a balance with this information? Brandon and Jill Bowden Case Client: Brandon (age 40) and Jill (age 43) are married with two children, Cole (age 9) and Owen (age 5). Brandon is a vice president with a health care company and Jill manages their family and household. Bowden family come to you regarding their financial goals to save for retirement, their children's college education, and transfer all assets to their children at Brandon and Jill's death. Here...

  • explain please 6. Maria Conchita just realized the American dream: she bought her first home! During...

    explain please 6. Maria Conchita just realized the American dream: she bought her first home! During the year, she paid the following expenses related to this principal residence: real estate taxes allocated to her since the date of purchase $2,000; mortgage interest $5,000; interest on an unsecured loan for home improvements $1,000; fire and casualty insurance $1,200. Of these items, what amount is deductible on Schedule A as itemized deductions? a. $5,000 b. $7,000 c. $8,000 d. $9.200 _7. Which...

  • 1. Todd, who works for a public accounting firm, had the following transactions for 2018: Salary...

    1. Todd, who works for a public accounting firm, had the following transactions for 2018: Salary $ 85,000 Moving expenses incurred to change jobs (12,000) Inheritance received from deceased uncle 300,000 Life insurance proceeds from policy on uncle’s life (Todd was named the beneficiary) 200,000 Cash prize from church raffle 3,000 Payment of church pledge (4,500) >> What is Todd’s AGI for 2018? 2. In 2018, Alice earns a salary of $55,000, has capital gains of $3,000, and receives interest...

  • Bob and Mary Smith, a married couple, engaged you to prepare their 2018 individual income tax...

    Bob and Mary Smith, a married couple, engaged you to prepare their 2018 individual income tax return. Their address is 123 Main Street, Wilmore, KY. Their social security numbers and dates of birth are as follows: S. S. No. Date of Birth Bob 123-45-6789 December 1, 1955 Mary 098-76-5432 May 5, 1957 They provide you with the following income and expense information for 2018: • Bob is a CPA and his salary was $150,000. He had $17,500 in federal income...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT