Ch 7 Taxes Review 2023

1. 1. Calculate the tax for a taxable income of $172,516 for a head of household.

• $39,987.48

• $40,981.30

• $38,910.55

• $41,091.45

2. 2. According to the tax schedule, Ben has to pay $38,254 in taxes. What is Ben's taxable income?

• $158,028

• $166,204

• $166,325

• $168,590

3. 3. Given the W-2, find the value of box 5:

• $48,981.90

• $50,240.22

• $49,380.55

• $49,346.21

3. 3. Given the W-2, find the value of box 3:

• $49,124.09

• $49,346.21

• $48,104.99

• $50,905.29

3. 3. Given the W-2, find the value of box 4:

• $3,059.47

• $4,098.20

• $3,098.55

• $2,502.92

3. 3. Given the W-2, find the value of box 1:

• $49,346.21

• $52,205.21

• $48,028.20

• $44,496.21

3. 3. Given the W-2, find the value of box 2:

• $9,501.30

• $9,344.20

• $8,048.20

• $10,098.30

4. 4. Laurie Tenser is single. She has a 3 year old daughter named Ellie. Does she get a refund or owe?

• Refund

• Owe

4. 4. Laurie Tenser is single. She has a 3 year old daughter named Ellie. How much does she owe in taxes?

• $2,341

• $3,104

• $2,970

• $2,421

5. 5. Suzie still lives at home and her parents claim her as a dependent. She works at a local bookstore as a sales clerk. Does she get a refund or owe?

• Refund

• Owe