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4) I am including the table for the 2020 tax season as well. What would the return amount (part d) for problems 2, and 3

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4) I am including the table for the 2020 tax season as well. What would the return amount (part d) for problems 2, and 3 be based on the new information? TAX YEAR 2020 FEDERAL INCOME TAX BRACKETS Single Filers Married Filing Jointly Tax Rate $0-$9,700 $0-$19,400 10% $9,701 - $39,475 $19,401 - $78,950 12% $39476 - $84,200 $78,951 - $168,400 22% $84,201 - $160,725 $168,401 - $321,450 24% $160,726 - $ 204,100 $321,451 - $408,200 32% $ 204,101 - $510,300 $408,201 - $612,350 35% $510,301+ $612,351+ 37% Standard Deduction $12,400 $24,800 Exemption (per person) $0 $0 2) It is time to do your taxes, so you gather all the information that might be useful and you summarize it as follows: Filing status: Single Dependents: Yourself I Adjustments : $2,400 Tax credits : $1,000 Itemized deduction amount: $9,000 Gross income : $110,000 Amount withheld : $25,000 Based on this information on page 264 (table), what is your: a) adjusted gross income? b) total taxable income? c) total tax from table? d) return amount / owed amount? (Please circle one and indicate its amount) 1 3) It is time to do your taxes, so you gather all the information that might be useful and you summarize it as follows: Filing status : Married filing Jointly I Dependents: Yourself, your spouse, and two children Adjustments : $24,000 Tax credits : $6,000 Itemized deduction amount : $16,000 Gross income: $210,000 Amount withheld: $55,000 Based on this information on page 264 (table), what is your a) adjusted gross income? b) total taxable income? c) total tax from table? d) return amount / owed amount? (Please circle one and indicate its amount)

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