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Business, 12.08.2020 08:01 Bobcat8395

1. Noor Patel has had a busy year! She decided to take a cross-country adventure. Along the way, she won a new car on "The Price Is Right" (valued at $15,500) and won $500 on a scratch-off lottery ticket (the first time she ever played). She also signed up for a credit card to start the trip and was given a sign-up bonus of $100. How much will she have to include in her federal taxable income? 2A. What is the amount of taxes for a head of house hold with a taxable income of $57,500 with a rate of 25%?

B. What is the amount of taxes for a single person with a taxable income of $35,000 with a rate of 15%?

C. What is the amount of taxes for a married couple filling jointly with a taxable income of $70,700 with a rate of 15%?

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