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stuart is single and has an agi of $37,000 a year. he claims one exemption of $12,400 and a deduction $355. how much is his tax due? responses $2800 $2800 $2758 $2758 $2716 $2716 $2710

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The amount of tax that Stuart has due, based on his AGI and exemption, is $2, 710

How to find the tax due?

To find the tax due, one first needs to find the taxable income due to Stuart. This is found by the formula:

= AGI - exemption claimed - deduction

= 37, 000 - 12, 400 - 355

= $24, 245

This means that Stuart is in the "Over $10,275 but $41,775 " bracket. His tax due would be $1,027.50 plus 12% of the excess over $10,275.

Stuart's tax due is:

= 1, 027.50 + ( (24, 245 - 10, 275) x 12%)

= $2, 710

Find out more on tax due at https://brainly.com/question/28735352

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