Question

Compute taxable income using Form 1040EZ. Use the dollar sign and comma where appropriate. Danny Roberts attends college, lives at home, and works part-time at a local grocery store chain. Danny's total wages were $10,710, and he had $1,150 in federal income tax withheld during the year. He is single and claims 0 exemptions because his father claims him. Refund due:

Answer 1

Ans: Federal income tax using form 1040EZ.

Name= Danny Roberts

Status= Single.

Wages= $10,710

Total taxable income= $10,710

Less: standard deduction = (10,710).

Less: personal exemption= 0

Taxable income= $0

Tax =$ 0

Federal income tax withheld= $1,150

Your tax refund= 1150-0

= $1150

Note: Assume year to be 2019 , since taxable income is under the slab 0-$9700, therefore tax will be rated @10%.

and tax refund calculated is $1,150 ; standard deduction for the year is $ 12,200 but taxable income is already less i.e. 10,710, therefore standard deduction will be treated as $10,710