If Samantha Jones had the following itemized deductions, should she use Schedule A or the standard deduction? The standard deduction for her tax situation is $12.400. Donations to church and other charities, $5,050 Medical and dental expenses exceeding 10 percent of adjusted gross income, $2,450 Mortgage interest, $3,100 State income tax, $2,920

Avery, an unmarried taxpayer, had the following income items: $ 43,600 3,500 Salary Net income from a rental house Avery has a 4-year-old child who attends a child care center. Assume the taxable year is 2023. Use Individual Tax Rate Schedules and Standard Deduction Table. Required: Compute Avery's child tax credit and dependent care credit. a. Assume Avery paid $1,340 to the child care facility. b. Assume Avery paid $4,830 to the child care facility. Complete this question by entering your answers in the tabs below. Required A Required B Compute Avery's child tax credit and dependent care credit. Assume Avery paid $1,340 to the child care facility. Note: Round your intermediate computations and final answers to the nearest whole dollar amount. Amount Child Credit Dependent Credit $ $ 2,000 600

Maureen Smith is a single individual. She claims a standard deduction of $12,000. Her salary for the year was $134,750. What is her taxable income? a. $105,698 b. $120,620 c. $122,750 d. $121,863 e. $129,324

Rosa is in the 35% tax bracket and itemizes her deductions. How much will her tax bill be reduced if she makes a $800 contribution to​ charity?  Her tax bill will be reduced by ​$enter your response here. ​(Simplify your​ answer.)

1. Mary is age 33 and a single taxpayer with adjusted gross income for 2018 of $29,400. Mary maintains a home for three dependent children and has itemized deductions of $3,000. Calculate the following amounts for Mary's 2018 income tax return:   a. Mary's standard or itemized deduction amount b. Mary's taxable income 2. Steven, age 35 and single, is a commodities broker. His salary for 2018 is $111,500 and he has taxable interest income of $40,000. He has no deductions for adjusted gross income. His itemized deductions are $31,000. Steven does not have any dependents. ​ a. What is the amount of his adjusted gross income? b. What are his allowable itemized deductions? c. What is his deduction for personal exemptions? d. What is his taxable income? e. What is his regular tax liability from the tax rate schedules?

If a person is in the 40% personal income tax bracket and they make a $1000 donation to a not-for-profit corporation, how much would their taxable income be reduced?  How much money in taxes would this person save?

Veronica Marie has an income that places her in the 24% federal and 6.5% state incremental tax brackets. What is her combined tax on a $1000 honorarium that she received recently for a speech? (a) Assume standard deduction taken. (b) Assume deductions are itemized.

Subject - account  Please help me. Thankyou.

Dhapa

In 2019, Cheryl, who is single and not a dependent of another taxpayer, has taxable income of $30,000. Using this abbreviated 2019 tax schedule for single filers below, compute her tax liability. $0 to $9,700 10%, $9700  to $39,475 12% 1.  compute Cheryl's tax liability if her income consisted of $26,000 in wages and $4,000 in long term capital gains.  2.What would Cheryl's tax liability be if the $30,000 included $6,000 she withdrew from her IRA to pay off her credit cards? Cheryl is 35.