Joanie is in her junior year of high school and is planning her future. Based on rent in her city and her new car payment, she n
eeds to be earning between $800 and $1,000 per week to stay within her budget. Based on the table above, which educational choice would give her the best chance of meeting her budget goals? A. Less than a high school diploma B. A high school diploma C. Associate degree D.Bachelor’s degree
1 answer:
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Answer:
Total tax ( Sheryl ) = $802
Explanation:
Tax status of Sheryl = Single
The rates to be used are
- Tax rate = 10% for single taxpayers with income between $0 through $9700
- Tax for income from estates that is between $2600 through $9300 will be $260 + 24% of excess over $2600
kiddie tax is applicable on earned income above $2200 ( defined by IRS )
attached below is a detailed table
