If a household has a single woman and three kids, has a standard deduction of $6,300, its itemized deductions are $5,650 and personal exemptions of $12,000 (3*$4,000) , then the first _____ of income is federal income tax free.
A) $11,950
B) $18,300
C) $17,650
D) $28,950
Correct Answer:
Verified
Q7: If a household has a husband, wife
Q8: The earned income tax credit goes to
A)non-working
Q9: Exemptions are reductions of adjusted gross income
Q10: Personal income tax withholding is
A)voluntary.
B)involuntary.
C)designed to spread
Q11: In 2015, personal income taxes made up
Q13: The filing status of a person who
Q14: Itemized deductions are reductions of adjusted gross
Q15: If a household has a single woman
Q16: Capital gains are
A)total net income from all
Q17: The standard deduction depends on
A)family structure (i.e.
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