Wanda is a single 50-year-old taxpayer with no dependents. Her only 2022 income is $41,000 of wages.
Question:
Wanda is a single 50-year-old taxpayer with no dependents. Her only 2022 income is $41,000 of wages. Calculate her taxable income and her tax liability assuming no tax credits. Please show your work.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 36% (11 reviews)
Taxable income is 28...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Income Tax Fundamentals 2023
ISBN: 9780357719527
41st Edition
Authors: Gerald E. Whittenburg, Steven Gill
Question Posted:
Students also viewed these Social Science questions
-
The Art institute is planning its annual banquet. Every year 450 guests attend the banquet, paying $120 per ticket. The cost of dinner is estimated at $18,200 ($9,000 in fixed costs and $9,200 in...
-
Wanda is a single taxpayer and an elementary school teacher. She also tutors students in her home as a small business. During 2018, Wanda purchased $300 in school supplies for her classroom. She also...
-
Taxable Income and Total Tax Liability are in thousands. Ranges of Adjusted Gross Income Item Under $15,000 $15,000 to under $30,000 $30,000 to under $50,000 $50,000 to under $100,000 $100,000 to...
-
For each of these utility functions, find the optimal consumption choices z and y for a consumer with budget w = 1, who faces prices pz = 0.05 and Py = 0.3. Are the goods substitutes or complements,...
-
According to a National Safety Council report, up to 78% of automobile collisions are a result of distractions such as text messaging, phoning a pal, or fumbling with the stereo. Consider a randomly...
-
Marissa just completed her first semester in college. She earned an A in her four-hour statistics course, a B in her three-hour sociology course, an A in her three hour psychology course, a C in her...
-
A manufacturer determines that a big screen HDTV set had probabilities of \(0.8,0.15,0.05\), respectively, of being placed in the categories acceptable, minor defect, or major defect. If 3 HDTVs are...
-
Kroger, Safeway Inc., and Whole Foods Markets, Inc. are three grocery chains in the United States. Inventory management is an important aspect of the grocery retail business. Recent balance sheets...
-
What are the actions taken by the Sprouts Farmers Market in measuring risk and ethical behavior?
-
Large central power stations (about 1000 MW electrical) using fluidized bed combustors may be built some day These giants would be fed 240 tons of coallhr (90% C, 10 % H2,), 50% of which would burn...
-
The gross income threshold to require a federal income tax return for a single taxpayer is equal to: a. The sum of the taxpayers itemized deductions. b. The same as the current year standard...
-
Which of the following is not a from AGI deduction? a. The exclusion of an item of gross income b. Itemized deductions, if taken c. Standard deduction, if taken d. The qualified business income...
-
Dane Co. applies manufacturing overhead to jobs based on machine hours used. At the beginning of the year, the company estimated that overhead costs would total $86,000 for the year, and that the...
-
Consider the following argument and explain whether or not it is valid, and why: Recycling promotes thorough collection and separation of garbage, so it should be implemented as a means of reducing...
-
Summarize what could be done in order to prevent climate change.
-
Find any legal document, for example, one of the many privacy or user agreements you click through to use apps. Copy the original text, and then revise it for clarity and conciseness. By how many...
-
To discourage people from signing up at the Promise/Cash Center site shown in Figure 18, write an article for a blog that warns consumers about questionable business practices. Your objective is to...
-
How would you describe your typical writing style? Now that you learned guidelines for business writing, how willing are you to flex your style to meet the needs of your audience? In what ways is it...
-
Explain why the quality of audit evidence is determined by the choice of the audit procedure and the assertion at risk of material misstatement.
-
What kind of rays are X-rays?
-
Rebecca and Walter Bunge have been married for 5 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Rebecca is a homemaker and Walt is a high school teacher. Rebecca's Social...
-
Ken paid the following amounts for interest during 2015: Qualified interest on home mortgage ............................ $4,700 Auto loan interest ......................................................
-
Jerry made the following contributions during 2015: His synagogue (by check) ................................. $1,020 The Democratic Party (by check) ........................ 180 The American Red...
-
The measured resistance force of the automobile moving with a speed corresponding to the Mach number of M = 0,075 is R = 511 Newtons. The weight density of the air is = 1,297 kgf/m3 . given. In the...
-
A beam AB of span 1 2 m is simply supported at its ends is subjected to a point load of 4 0 kN at C at a distance of 4 m from left end. Using moment area method, Compute thedeflection at the point C...
-
A car of mass 1 3 0 1 kg , is initially travelling at 2 1 . 3 ms - 1 . Calculate the kinetic energy of the vehicle in kJ to the nearest whole number.
Study smarter with the SolutionInn App