How much tax does marty get as refund if she does file taxes

Assignment Help Taxation
Reference no: EM131912757

Problem

Marty is currently attending college and she works part time at one job where she receives wages. Marty just received her W-2 statement showing she made $8,000 wages from her job. Her employer withheld $1,100 federal taxes for the year from her wages. No other person claims Marty as a dependent. Standard deduction is $6300 and personal exemption is $4050.

Based on the provided information, how much tax does Marty get as a refund if she does file taxes?

Reference no: EM131912757

Questions Cloud

Understand differential gene expression patterns : If you were asked to choose a gene expression technology to understand differential gene expression patterns of 1 gene
What is the value of documenting sources : What is the value of documenting your sources as you go along in your research? What are some ways that you have found to make this easier for you?
How much is lopezs taxable income : Marshall results for the current year are are as follows: Gross Revenue= $600,000, Operating Expenses=$200600. How much is Lopez's taxable income for year 2015?
Fusion protein compared to the untagged alternative : What are some advantages to generating this fusion protein compared to the untagged alternative?
How much tax does marty get as refund if she does file taxes : Marty is currently attending college and she works part time. Based on the provided information, how much tax does Marty get as a refund if she does file taxes?
Explain the type of organisational structure : Explain the type of organisational structure your organisation uses; Explain the degree of decentralisation of your organisation.
Extent of shrimp farming in mangrove forests : Investigate aquaculture systems that do not alter the environment to the extent of shrimp farming in mangrove forests, for example.
Fund the marsh education goals : What is the lump sum needed to fund the Marsh's education goals?
Create a detailed introduction that contains a thesis : Create a detailed introduction that contains a thesis that offers a debatable claim based on one of the prompts on the list.

Reviews

Write a Review

Taxation Questions & Answers

  The depreciation expense during the current year

Turnip Company purchased an asset at a cost of $10,000 with a ten year life during the current year. The company uses differing depreciation methods for financial reporting and income tax purposes.

  Compute the total tax cost in 2004

Compute the total tax cost in 2004 for each alternative if Evan is single and this is his only source of income which alternative business form do you recommend based solely on the first year tax costs?

  What is the tax treatment of the deposit

Is Basil a resident of Australia for tax purposes and when is income derived in a lay-by sale and what is the tax treatment of a) the deposit; and b) progress payments?

  Which corporate taxes would you propose to eliminate and why

Based on your research, which corporate taxes would you propose to eliminate and why? Propose an alternative tax method for corporations.

  What volume of revenues must a single client generate

What minimum revenue amount must any one segment generate to be of significant size torequire disaggregated disclosure?

  What is gross tax liability assuming they file joint return

Given that Ron and Anne have taxable income of $400,000 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2015 assuming they file a joint return?

  Explain the gaap treatment of the item

Explain the GAAP treatment of the item (with citation to the Codification). Explain how to reconcile book to tax. Explain the tax treatment of the item.

  What was california tax revenue from the gasoline excise tax

What was California's tax revenue from the gasoline excise tax? If California doubled the excise tax, would tax revenue double? Why or why not?

  Appropriate adjusting entries are made quarterly

1.At the beginning of its fiscal year, Lakeside Inc. leased office space to LTT Corporation under a ten year lease agreement.

  Calculate freds net capital gain for the current year

Calculate Fred's net capital gain for the current year. Assume he also has a net capital loss from last year of $10,000 arising from the sale of shares.

  Illustrate effects on the accounts and financial statements

According to summary of payroll of Apline Publishing Co. Illustrate the effects on accounts and financial statements of recording the accrual of payroll taxes.

  Explain what is after-tax return on bills corporate bonds

What is the after-tax return on Bill's corporate bonds for the current year? What is the after-tax return on his municipal bonds for the current year?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd