Rates for a single taxpayer are 10% of taxable income up to $8,375 and 15% thereafter up to $34,000. Ernest Silva, a single taxpayer, earned $28,000 working days as a salesman and $5,000 working nights as a part-time janitor in a local factory. He itemizes the following deductions: $4,800 interest on his house, $920 state taxes, $800 donation to his church, and $300 donation to the Salvation Army. He takes one exemption of $3,650. Compute the amount of income tax.

Question

Quizplus · Accepted Answer

The Answer of Rates for a single taxpayer are 10% of taxable income up to $8,375 and 15% thereafter up to $34,000. Ernest Silva, a single taxpayer, earned $28,000 working days as a salesman and $5,000 working nights as a part-time janitor in a local factory. He itemizes the following deductions: $4,800 interest on his house, $920 state taxes, $800 donation to his church, and $300 donation to the Salvation Army. He takes one exemption of $3,650. Compute the amount of income tax.

Rates for a Single Taxpayer Are 10% of Taxable Income