Leanne earns a gross yearly salary of $97,589. She has no dependent children and made...
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Accounting
Leanne earns a gross yearly salary of $97,589. She has no dependent children and made the following tax deductible purchases:
Charitable contributions: $9,471 Student loan interest: $600
When she files her taxes, what will her tax refund be?
Round your answer to the nearest dollar.
Use the following information:
Standard deduction for single filers: $12200
Biweekly allowance: $161.54 per person.
For your final answer proceed as: Annual Income Tax Pay/Refund = Total Annual Withholding - Final Income Tax. If the person has to pay the government, type the number with a negative sign. For example -1280. If the person has to receive a refund from government, type the number without sign. For example 1280.
Individual Taxpayers The Tax Due Is: If Taxable Income Is Between: 10% of taxable income 0 - $9,700 $9,701 - $39,475 $970 + 12% of the amount over $9,700 $39,476 - $84,200 $4,543 + 22% of the amount over $39,475 $84,201 - $160,725 $14,382.50 +24% of the amount over $84,200 $160,726 - $204,100 $32,748.50 +32% of the amount over $160,725 $204,101 - $510,300 $46,628.50 + 35% of the amount over $204,100 $510,301 + $153,798.50 +37% of the amount over $510,300 2019 Single Person Biweekly Withholding Table Taxable Wages Wages Withholding $0 - $146 $0.00 $146 - $519 $0.00 plus 10% of amount exceeding $146 $519 - $1,664 $37.30 plus 12% of amount exceeding $519 $1,664 - $3,385 $174.70 plus 22% of amount exceeding $1,664 $3,385 - $6,328 $553.32 plus 24% of amount exceeding $3,385 $6,328 - $7,996 $1,259.64 plus 32% of amount exceeding $6,328 $7,996 - $19,773 $1,793.40 35% of amount exceeding $7,996 $19,773 or more $5,915.35 plus 37% of amount exceeding $19,773Get Answers to Unlimited Questions
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