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4 questions – 12 hours

Please help Jaki Taggart determine her tax liability based on the following: salary, $57,000; wages, $33,010; capital gains, $10,920; $2,000 IRA contribution; mortgage interest, $5,750; property taxes, $3,140; charitable contributions, $440. She files as head of household and claims two exemptions. (Do not round intermediate calculations. Round your answers to the nearest cent.)

 

 

 

Tiffani Lind earned $1,900 during her biweekly pay period. She is married and claims 4 deductions. Her annual earnings to date are $52,541. Calculate her net pay. (Do not round intermediate calculations. Round your answers to the nearest cent.)

 

Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Des Moines, Iowa, was voted one of the top 100 best places to live in 2011 by Money Magazine. With a median home price of $145,000 and property taxes at 27.31 mills, how much does the average homeowner pay in property taxes? (Round your answer to the nearest cent.)

 

 

The following bond was quoted in The Wall Street Journal:

 

Bonds Curr.yld. Vol. Close Net chg.
   9.5 10 113.875 + 1.125

 

4 bonds were purchased yesterday, and 4 bonds were purchased today. How much more did the 4 bonds cost today? (Round your answer to the nearest cent.)

 

  Increased cost $   

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