Question: PLEASE ANSWER. WILL GIVE THUMBS UP. Calculate the 2017 total tax for Gordon Geist, a single taxpayer without dependents and no itemized deductions. He has
PLEASE ANSWER. WILL GIVE THUMBS UP.
Calculate the 2017 total tax for Gordon Geist, a single taxpayer without dependents and no itemized deductions. He has active income of $40,000, a short-term capital gain income of $4,000 from the sale of stock, and $6,400 from book royalties. What is Gordon's average tax rate? Gordon's total gross income for the 2017 tax year is $ (Round to the nearest cent.) Assuming Gordon's filing status is single, his standard deduction for the 2017 tax year is $ (Enter the amount to the nearest dollar.) Click the following link for a standard deduction table. Gordon is a single taxpayer without dependents. His exemption for the 2017 tax year is $. (Enter the amount to the nearest dollar.) Gordon's taxable income for the 2017 tax year is $ (Round to the nearest cent.) Gordon's total income tax due for the 2017 tax year is $ (Round to the nearest cent.) Click the following link for the tax rates and brackets table. His 2017 average tax rate is %. (Round to the nearest integer.)
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