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1

What is the tax for a single person whose taxable income is $25,068? Use the income tax table on page 326.

$3,761

100 pt

1

Find the effective tax rate for an assessment rate of 47% and a tax rate of $3.89 per $100 of assessed value.

0.018283  or  about 1,83%

100 pt

1

How can 847,900,000,000 be written using words?

847.9 Billion

-100 pt

2

Express $42.75 per $1,000 as a percent

4.275%

-100 pt

2

What are the estimated income taxes for a person with a taxable income of $25,337 when they are the head of a household? Use the tax table on page 326.

$3,799

250 pt

2

What is the selling price of a property on the open market called?

Market Value

100 pt

3

The market value of a property is $145,000. The assessment rate is 37%. The property tax rate is $62.50 per $1,000 of assessed value. What is the property tax?

$3,353.13

300 pt

3

Write 38.4 billion in digits

38,400,000,000

1,000 pt

3

A property tax rate is $6.45 per $100 of assess value. What is the tax rate?

0.0635

-1,000 pt

4

Compute the income tax on a taxable income of $165,872 for a couple who is filing a joint return. Use schedule Y-1 on page 327.

$41,663.46

500 pt

4

An assessment rate is 50%. The property tax rate is $34.89 per $1,000. What is the effective tax rate?

0.017

-50 pt

4

A married couple filing jointly has a taxable income of $168,210. What is their tax? Use schedule Y-2 on page 327.

$42,462.05

350 pt

5

Calculate 38% of $1,465 trillion

$556,700,000,000  ($556.7 billion)

200 pt

5

A married person filing a separate return has a taxable income of $24,777. During the year, $3,827 is withheld from wages. Using the tax table on page 326, does this person owe mroe taxes ot do they get a refund? What amount will this person owe or be refunded?

Owes $161

400 pt

5

Jerome has exemptions of $7,500 for dependents. His deductions include $2,400 in allowable medical expenses and $450 for damage to his home caused by a hailstorm. What is Jerome's taxable income if her has an income of $47,900?

$37,550

-200 pt

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