6.13 Income Tax

Roger is preparing to do his taxes. He worked two jobs, with reported income of $27,500 and $13,200. His two CDs yielded $327 together. He also won a split club raffle for $2,000. What was Roger’s gross earnings?

Chandra’s gross income is $58,400. She deposited $3,000 into her tax-deferred retirement account for the year. Her mortgage interest paid was $1,250 for the year, and her property taxes came to $4,200. What is her AGI?

Yelizaveta’s AGI is $75,490. However, she gave a $2,000 gift to her mother. What is her taxable income?

Kaitlyn has calculated the tax she owes to be $5,200. However, she receives an earned income tax credit of $1,715. How much does Kaitlyn owe after applying the earned income tax credit?

Chanajah calculated their tax owed, which came to $4,300. They have an earned income tax credit of $2,190, a child tax credit of $2,000, and a child and dependent care tax credit of $4,000. How much tax does Chanajah owe, or how much will they get in a refund?

McKenzi earned $2,700 in gross income, before taxes, in a given 2-week period. How much does she owe in FICA taxes, and how much of that is for SSI?

Renard earned $195,000 in wages for the year. How much in SSI taxes does Renard owe for the year?

Faith has a taxable income of $103,650. How much income tax does Faith owe?

Emmanuel is preparing his taxes. His W-2 from work shows gross income for the year of $95,250. He also has a 1099-MISC for some freelance art work he did, amounting to $7,500. Emmanuel also deposited $4,500 into a tax-deferred retirement plan. He paid $7,920 in mortgage interest for the year and $3,740 in property taxes. He also qualified for $4,000 in child tax credits. Based on this information,…