MDFL Chapter 6 Income Taxes

Nancy does her taxes herself. She is filling out this portion today. What should go in box 9?

• 7068

• 6068

• 8068

• 2000

Leonardo is in the 28% tax bracket. His taxable income is $128,399. If the first $15,500 is taxed at 9%, with the remainder at 28%, how much will he owe?

• $35,951.72

• $31,611.72

• $33,006.72

• $37,346.72

Rob had $8,450 in medical expenses last year and has no medical insurance. The IRS allows medical expense deductions for the amount that exceeds 12.5% of a taxpayer’s adjusted gross income. If Rob’s adjusted gross income is $42,000, how much can he claim as a medical deduction?

• $3,200

• $5,250

• $13,700

• $8,450

Tags

CCSS.7.EE.B.4A

Abby is a single taxpayer with no dependents. The table shows a summary of the important information she used to determine the tax she owed last year. She notices that for this year her adjusted gross income is $43,572. Assuming adjusted gross income and tax owed are the same percentage as last year, how much will she owe this year?

• $1,370.88

• $3,798.50

• $1,532.10

• $3,897.50

Tags

CCSS.6.EE.B.7

Given: the 2006 tax schedule for married taxpayers filing jointly.

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Lina qualifies to file as head of household. Her total income before deductions is $36,850. Her total deductions are $9,230. Her employer withheld $2,600. Based on the table shown, how much will Lina pay in taxes this year?

• $3,571

• $979

• $971

• $1,143

Tags

CCSS.HSF.BF.A.2

The Gonzalezes, who file as married filing jointly, pay a tax of $8,719. Complete the sentence: Their taxable income must be

• at least 63,450 but more than 63,500

• at least 63,450 but more than 63,500

• less than 63,450 but more than 63,500

• at least 63,450 but less than 63,500.

Look at Jane's W-2. How much more is her taxable income than the federal income tax withheld?

• $64,132.87

• $67,962.00

• $55,141.75

• $64,695.74

Tags

CCSS.6.NS.B.3

The equation to calculate federal income tax f(x) for income over $83,200 but not over $91,100 is

• $17,874.92

• $9,395.98

• $21,033.78

• $10,426.15

Katie and Jairo have a combined income of $131,460. They have 1099 forms which report $2,300 in interest. They also have $6,488 income from rental property. They can reduce their income by $3,700 (contributing to an IRA). What is their adjusted gross income when filing for federal taxes?

• $136,548

• $143,948

• $118,972

• $126,372.71

Tags

CCSS.4.OA.A.3