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Joanna is single and has 3 dependent children. She earns a gross yearly salary of $58,439.  She will also make the following tax-deductible purchase:

Educational expenses: $16,681

**Compute her final income tax.**

Use the following information:

To compute Joanna's final income tax based on the 2023 Head of Household tax rates, we can follow these steps:

### Step 1: Determine Joanna's taxable income
Joanna earns a gross yearly salary of $58,439 and has $16,681 in tax-deductible educational expenses.

\[
\text{Taxable Income} = \text{Gross Salary} - \text{Tax-Deductible Expenses}
\]
\[
\text{Taxable Income} = 58,439 - 16,681 = 41,758
\]

### Step 2: Identify the tax bracket
Using the table for the Head of Household tax rates:

Joanna's taxable income of $41,758 falls between $15,701 and $59,850, which means the tax due is calculated as:
\[
1,570 + 12\% \text{ of the amount over } 15,700.
\]

### Step 3: Calculate the tax amount
1. First, find how much of her income is above $15,700:
\[
41,758 - 15,700 = 26,058
\]

2. Calculate 12% of the amount over $15,700:
\[
0.12 \times 26,058 = 3,126.96
\]

3. Add this to the base tax of $1,570:
\[
1,570 + 3,126.96 = 4,696.96
\]

Thus, Joanna’s final income tax is **$4,696.96**.

Would you like more details or have any further questions?

Here are 5 additional related questions:
1. How would her tax change if she had no tax-deductible expenses?
2. How would the tax calculation differ if she earned an additional $10,000 in income?
3. What other deductions might Joanna qualify for based on this scenario?
4. How does the Head of Household tax rate compare to Single filing status?
5. How would dependent tax credits affect her overall tax liability?

**Tip**: Always double-check the current year's tax brackets and deductions to ensure accurate tax calculations.

Joanna is single and has 3 dependent children. She earns a gross yearly salary of $58,439. She will also make the following tax-deductible purchase: Educational expenses: $16,681. Compute her final income tax.

Compute Joanna's final income tax for 2023 based on a gross income of $58,439 and educational expense deduction of $16,681. Learn how the tax bracket and percentage are applied for a Head of Household with 3 dependents.

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