Dmitry had $42,000 of income from wages and $1,550 of taxable interest. Dmitry also made contributions of $2,700 to a tax-deferred retirement account. Dmitry has 4 dependents and files as head of household. What is Dmitry's total income? What is Dmitry's adjusted gross income? For Dmitry's filing status, the standard deduction is $18,000. What is Dmitry's taxable income? Use the 2018 tax table to find the income tax for Dmitry filing as head of household. Round to the nearest dollar.
Dmitry had $42,000 of income from wages and $1,550 of taxable interest. Dmitry also made contributions of $2,700 to a tax-deferred retirement account. Dmitry has 4 dependents and files as head of household. What is Dmitry's total income? What is Dmitry's adjusted gross income? For Dmitry's filing status, the standard deduction is $18,000. What is Dmitry's taxable income? Use the 2018 tax table to find the income tax for Dmitry filing as head of household. Round to the nearest dollar.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dmitry had $42,000 of income from wages and $1,550 of taxable interest. Dmitry also made contributions of $2,700 to a tax-deferred retirement account. Dmitry has 4 dependents and files as head of household.
What is Dmitry's total income?
What is Dmitry's adjusted gross income?
For Dmitry's filing status, the standard deduction is $18,000. What is Dmitry's taxable income?
Use the 2018 tax table to find the income tax for Dmitry filing as head of household. Round to the nearest dollar.
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