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taurus [48]
3 years ago
13

Thomas’s gross salary in 2017 was $68,000. If he qualifies for an $8,350 exemption when filing his taxes, how much does he owe f

or the year in federal income taxes? (Section 4.6 and 4.7) (1 point)
Mathematics
1 answer:
aalyn [17]3 years ago
5 0

Answer: $14,912.5

Step-by-step explanation:

given data:

thomas salary in 2017 = $68,000

exemption = $8,350

solution:

thomas taxable income

= salary in 2017 - tax exemptions

= $68,000 - $8350

= $59,560

federal income tax = 25%

= 0.25 * $59,560

= $14,912.5

thomas Owe’s $14,912.5 in federal Income tax at the end of the year.

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