Question and answer
Each year the internal revenue service adjusts the value of an exemption based on inflation and rounded to the nearest $50 In a recent year if the exemption was worth $3,100 and inflation was 4.7
percent what would be the amount of the exemption for the upcoming tax year?
$3,100 X 1.047 = $3,245.70 rounded to $3,250
Get an answer
Original conversation
User: what would be the average tax rate for a person who paid taxes of $4,864.14 on a taxable income of $39,870?

User: Each year the internal revenue service adjusts the value of an exemption based on inflation and rounded to the nearest $50 In a recent year if the exemption was worth $3,100 and inflation was 4.7 percent what would be the amount of the exemption for the upcoming tax year?

Weegy: $3,100 X 1.047 = $3,245.70 rounded to $3,250
coolcurtis|Points 150|

User: Using the tax table in Exhibit 4-7 determine the amount of taxes for the following situations a)A head of household with taxable income of $26,210 b) A single person with taxable income of $26,888 c) A married person filling a separate return with taxable income of $26,272

Weegy: a. A head of household with taxable income of $26,210 ($3,934 amount of taxes). b. A single person with taxable income of $26,888 ($4,321 amount of taxes). c. [ A married person filing a separate return with taxable income of $26,272 ($4,679 amount of taxes). ]
Expert answered|bongche|Points 2795|

Question
Asked 7/31/2012 7:33:13 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Take-home pay is a person's earnings after deductions for taxes and other items. (Points : 2) True False
Weegy: False (More)
Question
Expert Answered
Updated 7/30/2012 10:47:23 PM
1 Answer/Comment
True. Take-home pay is a person's earnings after deductions for taxes and other items.
Added 7/30/2012 10:47:23 PM
This answer has been added to the Weegy Knowledgebase
21,047,071 questions answered
Popular Conversations
__________ is someone whose opinion is valued in the decision-making ...
Weegy: The INFLUENCER is someone whose opinion is valued in the decision-making process. User: the person who ...
5/23/2015 12:34:09 PM| 2 Answers
What does polynomial mean?
Weegy: The degree of a polynomial is the highest degree of its terms when the polynomial is expressed in its canonical ...
5/23/2015 12:53:01 PM| 2 Answers
It is expected that US forests will _______. a. not be able to meet ...
Weegy: It is expected that US forests will provide increasingly cheaper timber. User: Which of the following best ...
5/23/2015 11:00:26 PM| 2 Answers
Weegy Stuff
S
L
Points 706 [Total 1236]| Ratings 2| Comments 686| Invitations 0|Offline
S
Points 515 [Total 523]| Ratings 1| Comments 505| Invitations 0|Offline
S
1
Points 460 [Total 852]| Ratings 1| Comments 450| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
Points 248 [Total 8994]| Ratings 0| Comments 248| Invitations 0|Offline
S
L
P
Points 235 [Total 2712]| Ratings 0| Comments 235| Invitations 0|Offline
S
1
L
L
Points 67 [Total 8250]| Ratings 0| Comments 67| Invitations 0|Offline
S
L
Points 56 [Total 3810]| Ratings 2| Comments 36| Invitations 0|Offline
S
Points 33 [Total 53]| Ratings 0| Comments 33| Invitations 0|Offline
S
L
1
R
Points 28 [Total 1315]| Ratings 0| Comments 28| Invitations 0|Offline
S
Points 14 [Total 14]| Ratings 0| Comments 14| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.