Answer:
$27410
Step-by-step explanation:
Duane is filing his federal income tax return with the 1040EZ form using the Single filing status, and nobody can claim him as a dependent. If he had wages, salaries, and tips of $37,400, taxable interest of $160, and no unemployment compensation, what should he enter on line 6 of the Income section below?
form 1040EZ is the form used for paying tax by the Inland Revenue Services(IRS)
Line 6 of the 1040EZ from will contain taxable income
so he will fill
$27410
His taxable income is when standard deductions and deductions for exemption is subtracted from the total income
37,400+160-(6200+3950)
$27410
<u>1040EZ form</u>
Filing status and income:,
Filing status:
Single
Are you someone's dependent?: No
Wages, salaries, tips, etc:
$37,400
Taxable interest:
$160
Unemployment compensation:
$0
Standard deduction:
$6,200
Deduction for exemptions:
$3,950
Taxable income:
$27,410
Federal income tax withheld:
$0
