Can an income tax amount be....?

Question

$3700.00 ?? what would the taxable income have to be for that to be possible?? or is it not possible....thank you!

Answer 1

Are you asking if the the income tax itself could be $3700 or if the refund could be $3700.  The answer is actually yes to both of these situations.  The acutal amount of income needed for each of these situations is different based on different situations such as filing status, number of dependents, age and many other factors.

Answer 2

A single person with a taxable income of $27,000 would pay $3700 in income tax. Than means after deductions, including $5350 plus $3400 for being a single person.  See this publication with tax tables.  http://www.irs.gov/pub/irs-pdf/i1040tt.p...

Answer 3

A single person with taxable income of $27,250-27,300 would have had income tax liability of $3700 for 2007.