Consider the following information (Figure 2) concerning fed…
Consider the following information (Figure 2) concerning federal taxes: (Figure 2) Assume the federal standard deduction is $15,000 and the federal personal exemption is $0. Determine how much Cindy owes in federal taxes if she is single and earns $85,525 per year.
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Consider the following information (Figure 5) concerning state taxes in West Virginia: (Figure 5) Determine how much Jerry owes in West Virginia state taxes if he makes $25,000 gross salary per year. Assume he is single and that he will only use the standard deduction and personal exemption.
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