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Allie is single, has an adjusted gross income of $25,005 and one exemption of $12400. How much is his tax according to the table? Hint: find taxable income first. $1246 $1263 $1318 $1324

Respuesta :

MrRoyal

Allie's tax amount is the amount deducted from his taxable income

Allie's tax amount is $1427

How to determine the tax?

The given parameters are:

Adjusted gross income = $25,005

Exemption = $12400

Start by calculating the taxable income using

Taxable income = Adjusted gross income - Exemption

So, we have:

Taxable income = $25,005 - $12400

Evaluate the differences

Taxable income = $12605

The question is incomplete.

So, I will use the table of the single taxable income tax bracket and rates, 2016

Using the table, the tax amount on an income of $12605 is:

Tax = $927.50 + 15% * (Amount - $9275)

So, we have:

Tax = $927.50 + 15% * ($12605 - $9275)

Evaluate

Tax = $1427

Hence, Allie's tax amount is $1427

Read more about taxable income at:

https://brainly.com/question/25783927

Answer:

1318

Step-by-step explanation:

I took the test

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