Using the 2021 tax table, how much Federal income tax will Sasha owe if she earns $16 per hour for 2,000 hours of work per year and has a standard deduction of $12,550?

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Answer:

$1,914.50

Step-by-step explanation:

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The Income-tax Sasha has to pay is $2334

 

What is Income Tax?

The part of income a person pays to the government as a contribution to the growth of the nation is called Income Tax.

Sasha  earns $16 per hour

Total hours she worked is 2000

Total annual income is $16 *2000 = $32000

Deductions = $12550

Net Salary = $32000 - $12550

Salary on which tax has to be paid = $19450

According to the federal law, Tax table 2021

For income in the range of $9,951 to $40,525 the tax will be 12%

12% of $19450 has to be paid

=(12/100) * 19450

=$2334

Therefore, the Income tax Sasha has to pay is $2334

To know more about Income Tax

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