What are the 4 filing statuses?
the amount of money taken from a paycheck that goes towards your taxes owed
What is withholding?
Where is Ricker Hill Orchards?
Turner, Maine
Mark is single and is paid 600 each week. How much is withheld from each check if he claims one allowance?
$49.00
this is the amount of your income that your taxes are based on.
What is taxable income?
A person who keeps a home up for someone who financially depends on them
What is head of household?
The total amount of taxes due in a year
What is Tax Liability?
2
$832
equal to gross income - adjustments
What is AGI (adjusted Gross Income)?
What is your tax liability if you are Single and have a taxable income of $38,350
What is the standard deduction for a single person?
This river runs through the Grand Canyon
What is the Colorado River?
You are paid 16.50 an hour and work full time. You are paid once a month and claim one allowance. How much will be withheld from each check?
$219
AGI - deductions
What is taxable income?
This is the total amount of money that you (or you and your spose if filling jointly) take in in a year
What is gross income?
The lead Guitarist in the band "The Who"
Pete Townsend
186 apples
When should someone take an itemized deduction?
When their deductible spending is more than their standard deduction
You are filling as Head of Household with a taxable income of $82,000. What is your tax liability
When is tax day?
In "Family Guy", what does Peter put in Joe's water making him win the Special People's games?
Mark works 50 hours a week and is paid $17 an hour, with double time over 40 hours. He is single and claims 1 allowance. If he is paid every 2 weeks, how much will he have withheld this year?
$5642
Mary Beth and her husband have a combined gross income of $86,500. They qualify for $2,500 in adjustments and claim a standard deduction. What is their taxable income
$61,600