Anonymous
Anonymous asked in Business & FinanceTaxesUnited States · 7 years ago

How much tax does John owe if his taxable income is $7 000?

http://tinypic.com/view.php?pic=fx6k4i&s=5

How much tax does John owe if his taxable income is $7 000?

Options:

(1) $ 50

(2) $125

(3) $185

(4) $205

(5) $255

5 Answers

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  • Bobbie
    Lv 7
    7 years ago
    Favorite Answer

    TAXABLE INCOME amount is 7000 at the 10% marginal tax rate amount the FIT amount would be 700 OK 1040 page 2 line 43 amount 7000

    Line 44 TAX 700 OK.

    Use the search box at the www.irs.gov website for Form 1040, U. S. Individual Income Tax Return

    www.irs.gov/pub/irs-pdf/f1040.pdf

    Hope that you find the above enclosed information useful. 06/03/2013

  • Anonymous
    7 years ago

    $205

  • 4 years ago

    a. you're sturdy. b. yup c. cap constructive factors or losses is a element of AGI d. see c. e. on the grounds that cg/cl and qualified dividends are in contact, you will might desire to apply the worksheet, no longer merely the tax tables

  • 6): None of the above.

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  • tro
    Lv 7
    7 years ago

    not enough information

    is this self employment

    what is his status? does he have dependents?

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