Lynn is a single mother with two children. She qualifies to file as head of household. Her total income before deductions was $37,950 last year. Her total deductions were $10,650. Her employer withheld $3,250 from her pay for tax. Use the tax table below. How much more will Lynn owe in taxes? If line 43 (taxable income) is- And you are- Single Married Married Head of a house- hold At least But less than filing filing jointly sepa- Irately Your tax is - 27,000 27,000 27,050 3,653 3,251 27,050 27,100 3,660 3,259 3,660 27,100 27,150 27,150 27,200 27,200 27,250 27,250 27,300 27,300 27,350 27,350 27,400 3,653 3,481 3,489 3,496 3,504 3,668 3,675 3,266 3,668 3,274 3,675 3,683 3,281 3,683 3,511 3,690 3,519 3,698 3,690 3,289 3,698 3,296 3,705 3,526 3,304 3,534 3,311 3,713 3,541 3,549 3,556 3,564 3,743 3,571 3,750 3,579 3,705 27,400 27,450 27,450 27,500 3,720 27,500 27,550 3,728 27,550 27,600 3,735 27,600 27,650 3,743 27,650 27,700 27,700 27,750 3,758 3,356 27,750 27,800 3,765 3,364 27,800 27,850 27,850 27,900 3,780 27,900 27,950 3,788 27,950 28,000 3,795 3,394 3,713 3,319 3,720 3,326 3,728 3,334 3,735 3,341 3,750 3,349 3,758 3,586 3,765 3,594 3,773 3,773 3,379 3,780 3,386 3,788 3,795 3,371 3,601 3,609 3,616 3,624

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Someone help please, thanks
Lynn is a single mother with two children. She qualifies to file as head of household. Her total
income before deductions was $37,950 last year. Her total deductions were $10,650. Her
employer withheld $3,250 from her pay for tax. Use the tax table below. How much more will Lynn
owe in taxes?
If line 43
(taxable
income) is-
And you are-
Single Married Married Head
of a
house-
hold
At
least
But
less
than
filing filing
jointly sepa-
Irately
Your tax is
-
27,000
27,000 27,050 3,653 3,251
27,050 27,100 3,660 3,259 3,660
27,100 27,150
27,150 27,200
27,200 27,250
27,250 27,300
27,300 27,350
27,350 27,400
3,653 3,481
3,489
3,496
3,504
3,668
3,675
3,266 3,668
3,274
3,675
3,683
3,281
3,683
3,511
3,690 3,519
3,698
3,690
3,289
3,698 3,296
3,705
3,526
3,304
3,534
3,311 3,713 3,541
3,549
3,556
3,564
3,743 3,571
3,750 3,579
3,705
27,400 27,450
27,450 27,500 3,720
27,500 27,550 3,728
27,550 27,600 3,735
27,600 27,650 3,743
27,650 27,700
27,700 27,750 3,758 3,356
27,750 27,800 3,765 3,364
27,800 27,850
27,850 27,900 3,780
27,900 27,950 3,788
27,950 28,000 3,795 3,394
3,713
3,319 3,720
3,326 3,728
3,334
3,735
3,341
3,750 3,349
3,758
3,586
3,765
3,594
3,773
3,773
3,379 3,780
3,386 3,788
3,795
3,371
3,601
3,609
3,616
3,624
Transcribed Image Text:Lynn is a single mother with two children. She qualifies to file as head of household. Her total income before deductions was $37,950 last year. Her total deductions were $10,650. Her employer withheld $3,250 from her pay for tax. Use the tax table below. How much more will Lynn owe in taxes? If line 43 (taxable income) is- And you are- Single Married Married Head of a house- hold At least But less than filing filing jointly sepa- Irately Your tax is - 27,000 27,000 27,050 3,653 3,251 27,050 27,100 3,660 3,259 3,660 27,100 27,150 27,150 27,200 27,200 27,250 27,250 27,300 27,300 27,350 27,350 27,400 3,653 3,481 3,489 3,496 3,504 3,668 3,675 3,266 3,668 3,274 3,675 3,683 3,281 3,683 3,511 3,690 3,519 3,698 3,690 3,289 3,698 3,296 3,705 3,526 3,304 3,534 3,311 3,713 3,541 3,549 3,556 3,564 3,743 3,571 3,750 3,579 3,705 27,400 27,450 27,450 27,500 3,720 27,500 27,550 3,728 27,550 27,600 3,735 27,600 27,650 3,743 27,650 27,700 27,700 27,750 3,758 3,356 27,750 27,800 3,765 3,364 27,800 27,850 27,850 27,900 3,780 27,900 27,950 3,788 27,950 28,000 3,795 3,394 3,713 3,319 3,720 3,326 3,728 3,334 3,735 3,341 3,750 3,349 3,758 3,586 3,765 3,594 3,773 3,773 3,379 3,780 3,386 3,788 3,795 3,371 3,601 3,609 3,616 3,624
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Balance Of Payment
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education