use the following information for the tax year 2021. Alicia, age 30, is a single...

90.2K

Verified Solution

Question

Accounting

use the following information for the tax year 2021. Alicia, age 30, is a single taxpayer with W-2 wages of $96,000. In addition, Alicia receives $6,000 of tax-exempt interest income and she has $5,000 interest income from her savings account at Citibank. She has from AGI deductions totaling $10,000.

  1. What is Alicia's tax liability (rounded)?

    a.

    $498

    b.

    $14,605

    c.

    $14,751

    d.

    $15,249

    e.

    $21,250

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students