Financial Algebra Income Taxes

Front

Write the equation that represents the taxable income for a person whose filing status is married filing separately in the interval for over $84,200 but not over $160,725?

Back

14,382.50 + .24(x - 84,200)

Front

Write the equation that represents the taxable income for a person whose filing status is head of household in the interval for over $204,100 but not over $510,300?

Back

45,210 + .35(x - 204,100)

Front

How much do Matthew and his wife owe in taxes if their taxable income is $122,351?

Back

$18,634.22

Front

How much does John owe in taxes if his taxable income is $165,421?

Back

$34,250.72

Front

Using the tax schedule for a person with a filing status as head of household, what taxable income would yield a tax of exactly $74,274.25? Options: $462,917.23, $296,233.33, $287,140.71, $223,483.56

Back

$287,140.71

Front

Using the tax schedule for a person with a filing status as single, what taxable income would yield a tax of exactly $55,723.50? Options: $466,936.23, $221,441.48, $129,218.86, $230,087.14

Back

$230,087.14

Front

How much does Chris owe in taxes if he is filling married filing jointly and made $79,285?

Back

$9,159.70

Front

How much does Jacob owe in taxes if he made $27,497 last year?

Back

$3,105.64

Front

If Norman is filling head of household on his Federal Taxes and determines he owes $3899 in taxes, what is the correct written interval that would represent his income?

Back

13,850 ≤ i < 52,850

Front

If Ashley is filling single on her Federal Taxes and determines she owes $23,435 in taxes, what is the correct written interval that would represent her income? Options: 9,700 ≤ i < 39,475, 39,475 ≤ i < 84,00, 84,200 ≤ i < 160,725, 160,725 ≤ i < 204,100

Back

84,200 ≤ i < 160,725