2. Dresden is single with a taxable income for last year of $80,649 His employer withheld $15,387 in federal taxes. a. Use the tax tables from the first page to determine Dresden's tax. b. Does Dresden get a refund?
2. Dresden is single with a taxable income for last year of $80,649 His employer withheld $15,387 in federal taxes. a. Use the tax tables from the first page to determine Dresden's tax. b. Does Dresden get a refund?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
This is for financial mathematics, please help me
Transcribed Image Text:2. Dresden is single with a taxable income for last year of $80,649 His employer withheid
$15,387 in federal taxes.
a. Use the tax tables from the first page to determine Dresden's tax.
b. Does Dresden get a refund?
c. Find the difference between Dresden's tax and the amount withheld by his employer.
Transcribed Image Text:If line 43
(taxable
Income) Is-
At
least
But
than
And you are-
Single Married Married
filing fing
jointly sepa-
rately
Your tax is-
80,000
80,000 80,050 16,385
80,050 80,100 16,399
12,694 16,779 15.069
16,793 15,081
12,706
12,731
16,821 15.106
16,835
15,119
16,849 15.131
16,863
15.144
15,156
80,100 80,150 16,413 12,719 16.807 15.094
80,150 80,200 16,427
80.200 80,250 16,441 12,744
80,250 80,300 16,455 12.756
80,300 80,350 16.469 12.760
80,350 80,400 16,483 12.781 16,877
80,400 80,450 16,497 12,794 16,891
80,450 80.500 16,511 12.806
80.500 80.550 16,525 12.819 16.919
80,550 80,600 16,539 12,831 16,933
80,600 80,650 16.553 12.844 16.947
80.650 80,700 16.567 12.856 16.961 15.231
80,700 80,750 16.581 12,869 16,975
12,881 16.989
16,905
15.219
80.750 80,800
16,595
80,800 80,850 16.609
80.850 80,900 16.623 12.906
12,894 17.003
17,017
Head
of a
house-
hold
80,900 80,950 16,637 12919 17,031
80,950 81.000 16,651 12931 17,045
15,169
15.181
15.194
15.206
15.244
15.256
15,269
15.281
15.294
15.306
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