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1. Calculate Tax Liability. What would be the tax liability for a single taxpayer who has a gross income of $50,050? Sample calculation provided for

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1. Calculate Tax Liability. What would be the tax liability for a single taxpayer who has a gross income of $50,050? Sample calculation provided for you. Adjusted gross income 50,050 Standard deduction (2019) (-) 12,200 Taxable income (=) 37,850 Tax (use 2019 Tax Rate Schedules to calculate tax liability) 970.00 +0.12(37,850-9,700) = 4,348

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