Find the tax in the following application problems. Use $4050 for each personal deduction, a standard deduction of $6300 for single taxpayers, $12,600 for married taxpayers filing jointly, $6300 formarried taxpayers filing separately, and $9300 for head of household and the tax rate schedule.
The Greenwoods had an adjusted gross income of $57,492 last year. They had deductions of $1,095 for state income tax, $4,205 for property tax, $5,320 in mortgage interest, and $2,261 in contributions. The Greenwoods claim four exemptions and file a joint return.
A. $3,334.15
B. $5,841.65
C. $3,813.80
D. $4,902.75
Answer: A
Mathematics
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B.
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