Question: Sharon Jones is single. During 2 0 2 4 , she had gross income of $ 1 5 9 , 8 0 0 , deductions

Sharon Jones is single. During 2024, she had gross income of $159,800, deductions for AGI of $5,500, itemized deductions of $18,000 and tax credits of $2,000. Sharon had $22,000 withheld by their employer for federal income tax. She has a tax
(due/refund) rounded to the nearest whole dollar of $
.
Taxable Income Taxes owed
$11,600 or less 10% of the taxable income
$11,601 to $47,150 $1,160 plus 12% of amount over $11,600
$47,151 to $100,525 $5,426 plus 22% of amount over $47,150
$100,526 to $191,950 $17,168.50 plus 24% of amount over $100,525
$191,951 to $243,725 $39,110.50 plus 32% of amount over $191,950
$243,726 to $609,350 $55,678.50 plus 35% of amount over $243,725
$609,351 or more $183,647.25 plus 37% of amount over $609,350

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