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# Phan Mai is a single taxpayer with two dependent children

Phan Mai is a single taxpayer with two dependent children under age 17. Phan estimates her wages for the year will be \$36,000 and her itemized deductions will be \$11,000. Assuming Phan files as head of household, determine the number of withholding allowances Phan should claim.

Whcih form should be used to report following payment
a.interest of \$400 paid by bank ___________
b.payment of \$400 in dividends by a corp to a shareholder _______

Indicate the form that should be used to report the payment.
c.periodic payments from a retirement plan________
d.salary as president of the company _______
e. las vegas keno winnings of \$25,000 __________

Thomas is an employer with one employee, Sarah. Sarah's wages, which were earned evenly in 2011, are \$19,450, and the state unemployment tax rate is 5.4%. Calculate the following amounts for Thomas:
a.FUTA tax before the state tax credit
b.State unemployment tax
c.FUTA tax after the state tax credit

#### Solution Preview

Phan Mai is a single taxpayer with two dependent children under age 17. Phan estimates her wages for the year will be \$36,000 and her itemized deductions will be \$11,000. Assuming Phan files as head of household, determine the number of withholding allowances Phan should claim.

Phan - 1, Dependents - 2, total ...

#### Solution Summary

Phan Mai is a single taxpayer with two dependent children under age 17. Phan estimates her wages for the year will be \$36,000 and her itemized deductions will be \$11,000. Assuming Phan files as head of household, determine the number of withholding allowances Phan should claim.

\$2.19