Chris, a single taxpayer, had the following income and deductions during 2016:
$\begin{array}{ll}
\text { Salary } & \$ 55,000 \
\text { Interest on bank account } & 300 \
\text { Tax-exempt interest } & 200 \
\text { Deduction for AGI } & 3,500 \
\text { Itemized deductions } & 8,000 \
\text { Taxes withheld } & 6,500
\end{array}$ Calculate Chris's tax liability due or refund.

Question

Chris, a single taxpayer, had the following income and deductions during 2016:
 $\begin{array}{ll}
\text { Salary } & \$ 55,000 \
\text { Interest on bank account } & 300 \
\text { Tax-exempt interest } & 200 \
\text { Deduction for AGI } & 3,500 \
\text { Itemized deductions } & 8,000 \
\text { Taxes withheld } & 6,500
\end{array}$ Calculate Chris's tax liability due or refund.

Quizplus · Accepted Answer

The Answer of Chris, a single taxpayer, had the following income and deductions during 2016:
 $\begin{array}{ll}
\text { Salary } & \$ 55,000 \
\text { Interest on bank account } & 300 \
\text { Tax-exempt interest } & 200 \
\text { Deduction for AGI } & 3,500 \
\text { Itemized deductions } & 8,000 \
\text { Taxes withheld } & 6,500
\end{array}$ Calculate Chris's tax liability due or refund.

Chris, a Single Taxpayer, Had the Following Income and Deductions