Income taxes & Retirement

Calculate the tax for each of the taxable incomes of a head of household taxpayer, using the tax schedule on the left.

a.       $200,000

(a)  

Tags

CCSS.8.F.B.4

CCSS.HSF.IF.B.6

Calculate the tax for each of the taxable incomes of a head of household taxpayer, using the tax schedule on the left.

a.       $23,872

(a)  

Tags

CCSS.6.EE.B.6

Calculate the tax for each of the taxable incomes of a head of household taxpayer, using the tax schedule on the left.

a.       $121,890

(a)  

Calculate the tax for each of the taxable incomes of a head of household taxpayer, using the tax schedule on the left.

a.       $82,251

(a)  

Tags

CCSS.8.F.B.4

CCSS.HSF.IF.B.6

Davia and Bill are married and file their taxes jointly. Davia's taxable income was $50,675 and Bill's was $32,802. Davia's employer withheld $11,654 in federal taxes. Bill's employer withheld $7,345 in federal taxes.

a.       What is their combined taxable income?

(a)  

Tags

CCSS.HSF.BF.A.2

Davia and Bill are married and file their taxes jointly. Davia's taxable income was $50,675 and Bill's was $32,802. Davia's employer withheld $11,654 in federal taxes. Bill's employer withheld $7,345 in federal taxes.

a. Use the tax tables to the left to determine their tax.

(a)  

Tags

CCSS.HSF.BF.B.5

Davia and Bill are married and file their taxes jointly. Davia's taxable income was $50,675 and Bill's was $32,802. Davia's employer withheld $11,654 in federal taxes. Bill's employer withheld $7,345 in federal taxes.

Do they get a refund?

• Yes

• No

Tags

CCSS.7.RP.A.3

Davia and Bill are married and file their taxes jointly. Davia's taxable income was $50,675 and Bill's was $32,802. Davia's employer withheld $11,654 in federal taxes. Bill's employer withheld $7,345 in federal taxes.

Find the difference between their tax and the amount withheld by their employers.

(a)  

Tags

CCSS.7.RP.A.3

Frank worked for Morton Industries for 18 years. His company offered him a flat amount of $48 for each year of service as his monthly pension package. After one year, he was notified of a 1.625% cost of living adjustment to his monthly pension benefit. Determine Frank's current monthly pension benefit.

(a)  

Tags

CCSS.HSF.BF.A.2

Mary is retiring after working for Fashionista Limited for 21 years. The company offered her a flat retirement benefit of $50 per month for each year of the first 15 years of service and $65 per month for each year of service thereafter. What was her monthly income in the first year after retirement?

(a)  

Tags

CCSS.HSF.BF.A.2