Nathan is 24 years old, single, and works as an accountant in a salmon cannery in Alaska. His total wages for 2016 were $32,000. Federal income tax of $4,500 was withheld from his wages. His only other income was $260 of interest and he had no deductible expenses.

Calculate the income tax due or income tax refund on Nathan's 2016 individual income tax return. Use the tax formula for individuals and show your work.

Question

Nathan is 24 years old, single, and works as an accountant in a salmon cannery in Alaska. His total wages for 2016 were $32,000. Federal income tax of $4,500 was withheld from his wages. His only other income was $260 of interest and he had no deductible expenses.
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Calculate the income tax due or income tax refund on Nathan's 2016 individual income tax return. Use the tax formula for individuals and show your work.

Quizplus · Accepted Answer

The Answer of Nathan is 24 years old, single, and works as an accountant in a salmon cannery in Alaska. His total wages for 2016 were $32,000. Federal income tax of $4,500 was withheld from his wages. His only other income was $260 of interest and he had no deductible expenses.
​
Calculate the income tax due or income tax refund on Nathan's 2016 individual income tax return. Use the tax formula for individuals and show your work.

Nathan Is 24 Years Old, Single, and Works as an Accountant