Assignment Chapter 1 - 3-36 1 Submitted By: Shameika Brown...

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Submitted By: Shameika Brown Week 1: Federal Tax Overview - Assignments Homework: Problems: 3-31, 3-32, 3-36, 13-55, and 13-69. 3-31 An adjusted gross income of $40,000 Itemized deductions of $11,250 4 exemptions 14,000 Taxable Income is $14,750. 3-32 An adjusted gross income of $70,000 Itemized deductions of $9,000 3 exemptions 10,500 Taxable Income is $ 50,500
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Unformatted text preview: 3-36 1 Submitted By: Shameika Brown 13-55 50/200 $ 25,000 = 25% $ 25,000 = $ 6,250 81/300 $ 80,000 = 27% $ 80,000 =21,600 96/400 $125,000 = 24% $125,000 =30,000 $57,850 13-69 a. Gross income b. Deductible c. N/A d. Gross income e. Gross income f. Deductible 2 Submitted By: Shameika Brown g. N/A 3...
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This note was uploaded on 03/19/2010 for the course FI 515 FI 515 taught by Professor Senn during the Spring '10 term at Keller Graduate School of Management.

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Assignment Chapter 1 - 3-36 1 Submitted By: Shameika Brown...

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