Nathan is 24 years old and works as an accountant in a salmon cannery in Alaska....

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Nathan is 24 years old and works as an accountant in a salmon cannery in Alaska. His total wages for 2021 were $62,000. Federal income tax of $6,500 was withheld from his wages. His only other income was $1,425 of interest and he had no deductible expenses. Calculate the income tax due or income tax refund on Nathan's 2018 individual income tax return. Use the tax formula for individuals and show your work. ANSWER: Gross income Deductions for adjusted gross income Adjusted gross income Standard deduction Taxable income Gross tax liability (from tax table) Tax withheld Refund duel Owe Nathan is 24 years old and works as an accountant in a salmon cannery in Alaska. His total wages for 2021 were $62,000. Federal income tax of $6,500 was withheld from his wages. His only other income was $1,425 of interest and he had no deductible expenses. Calculate the income tax due or income tax refund on Nathan's 2018 individual income tax return. Use the tax formula for individuals and show your work. ANSWER: Gross income Deductions for adjusted gross income Adjusted gross income Standard deduction Taxable income Gross tax liability (from tax table) Tax withheld Refund duel Owe

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