Question
20 20 Federal Income Tax Rates Head of Household Returns Single Returns Taxable Income Over but not over Tax Rate Taxable Income Over but not
2020 Federal Income Tax Rates | |||
Head of Household Returns | Single Returns | ||
Taxable Income
Over but not over |
Tax Rate |
Taxable Income
Over but not over |
Tax Rate |
$0 $ 14,100 | 10% | $0 $ 9,875 | 10% |
$14,101 $ 53,700 | 12% | $9,876 $ 40,125 | 12% |
$53,701 $ 85,500 | 22% | $40,126 $ 85,525 | 22% |
$85,501 $163,300 | 24% | $85,526 $163,300 | 24% |
$163,301 $207,350 | 32% | $163,301 $207,350 | 32% |
$207,351 $518,400 | 35% | $207,351 $518,400 | 35% |
Over $518,401 | 37% | Over $518,401 | 37% |
Standard Deduction: Head of Household=$18,650; Single=$12,400; Married Filing Jointly=$24,800
$2000 child tax credit
19. What would be the tax liability for June who is single with three children and taxable income of $180,000.00?
Group of answer choices
$41,562.20
$37,173.10
$47,050.50
$45,640.10
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started