Find the tax. Use $3700 for each personal exemption; a standard deduction of $5800 for single people, $11,600 for married people filing jointly, $5800 for married people filing separately, and $8500 for head of a household; and the tax rate schedule.
The Greenwoods had an adjusted gross income of $57,963 last year. The had deductions of $1037 for state income tax, $4262 for property tax, $5171 in mortgage interest, and $1343 in contributions. The Greenwoods claim four exemptions and file a joint return.
A. $3884.45
B. $3852.50
C. $5517.50
D. $8099.45
Answer: B
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