Deduction amount as well as the personal exemption amount

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Reference no: EM131300244

Cheryl is single, she goes part time to college and works part time as a waitress. In 2015 her gross income was $13,400 in wages and $8,200 in tips. She received $100 in interest from a investment. She receives the Standard deduction amount as well as the personal exemption amount.

What is her Taxable income? Use 4.1.

Cheryl has $495 tax credit for college expenses under the America Opportunity Credit

What are her Taxes Due?

Reference no: EM131300244

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