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1. Please help to answer sheet 1 ^ starting with a salary of $38,752 (Starting Salary-Gross) 2. This is the sheet that you have to
1.
Please help to answer sheet 1 ^ starting with a salary of $38,752 (Starting Salary-Gross)
2.
This is the sheet that you have to use to answer sheet 1.
This is an example of how it has to look sheet 1.
Not included - sales tax/gross receipts tax, property taxes, gift taxes, estate taxes, self employment tax, personal property tax READ TAX PLANNING WORKSHEET EXAMPLE AND USE TAX \& STANDARD DEDUCTION TAB TO COMPLETE THIS ASSIGNMENT 2021 Federal Income Tax Brackets and Rates for Single Filers, Married Couples Filing Jointly, and Heads of Households \begin{tabular}{|l|l|l|l|} \hline Rate & Single & \multicolumn{1}{|c|}{ Married Couples Filing Jointly } & Head of Household \\ \hline 10% & Up to $9,950 & Up to $19,900 & Up to $14,200 \\ \hline 12% & $9,951 to $40,525 & $19,901 to $81,050 & $14201 to $54,200 \\ \hline 22% & $40,526 to $86,375 & $81,051 to $172,750 & $54,201 to $86,350 \\ \hline 24% & $86,376 to $164,925 & $172,751 to $329,850 & $86,351 to $164,900 \\ \hline 32% & $164,901 to $209,425 & $329,851 to $418,850 & $164,901 to $209,425 \\ \hline 35% & $209,426 to $523,600 & $418,851 to $628,300 & $209,426 to $523,600 \\ \hline 37% & over $523,600 & Over $628,300 & over $523,600 \\ \hline \end{tabular} Example: Filing as Single and Taxable Income at $85,000 (Federal Taxes) Not included - sales tax/gross receipts tax, property taxes, gift taxes, estate taxes, self employment tax, personal property tax Not included - sales tax/gross receipts tax, property taxes, gift taxes, estate taxes, self employment tax, personal property tax READ TAX PLANNING WORKSHEET EXAMPLE AND USE TAX \& STANDARD DEDUCTION TAB TO COMPLETE THIS ASSIGNMENT 2021 Federal Income Tax Brackets and Rates for Single Filers, Married Couples Filing Jointly, and Heads of Households \begin{tabular}{|l|l|l|l|} \hline Rate & Single & \multicolumn{1}{|c|}{ Married Couples Filing Jointly } & Head of Household \\ \hline 10% & Up to $9,950 & Up to $19,900 & Up to $14,200 \\ \hline 12% & $9,951 to $40,525 & $19,901 to $81,050 & $14201 to $54,200 \\ \hline 22% & $40,526 to $86,375 & $81,051 to $172,750 & $54,201 to $86,350 \\ \hline 24% & $86,376 to $164,925 & $172,751 to $329,850 & $86,351 to $164,900 \\ \hline 32% & $164,901 to $209,425 & $329,851 to $418,850 & $164,901 to $209,425 \\ \hline 35% & $209,426 to $523,600 & $418,851 to $628,300 & $209,426 to $523,600 \\ \hline 37% & over $523,600 & Over $628,300 & over $523,600 \\ \hline \end{tabular} Example: Filing as Single and Taxable Income at $85,000 (Federal Taxes) Not included - sales tax/gross receipts tax, property taxes, gift taxes, estate taxes, self employment tax, personal property taxStep by Step Solution
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