Addison had $80,000 of income from wages and $1,850 of taxable interest. Addison also made contributions of $2,500 to a tax-deferred retirement account. Addison has 3 dependents and files as head of household. What is Addison's total income? What is Addison's adjusted gross income? For Addison's filing status, the standard deduction is $18,000. What is Addison's taxable income? Use the 2018 tax table to find the income tax for Addison filing as head of household. Round to the nearest dollar.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Addison had $80,000 of income from wages and $1,850 of taxable interest. Addison also made contributions of $2,500 to a tax-deferred retirement account. Addison has 3 dependents and files as head of household.

What is Addison's total income?



What is Addison's adjusted gross income?



For Addison's filing status, the standard deduction is $18,000. What is Addison's taxable income?



Use the 2018 tax table to find the income tax for Addison filing as head of household. Round to the nearest dollar.

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For Addison's filing status, the standard deduction is $18,000. What is Addison's taxable income?

 

Use the 2018 tax table to find the income tax for Addison filing as head of household. Round to the nearest dollar.

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