A single individual earned wages of $65,000 working at a bank. The individual received a $12,000 gift from a parent to go to Europe, inherited

$10.000 from a relative and received $1 000 interest from a municipal bond. The individual has two dependents and itemized deductions of

$13.000

What is this individual's tax liability for 2021?

- $5.260

O $5,380

O $5,956

- $6,010

A single individual earned wages of $65,000 working at a bank. The individual received a $12,000 gift from a parent to go to Europe, inherited

$10.000 from a relative and received $1 000 interest from a municipal bond. The individual has two dependents and itemized deductions of

$13.000

What is this individual's tax liability for 2021?

- $5.260

O $5,380

O $5,956

- $6,010

2021 tax rate Schedules single (2021)					Head of house hold b- schedule Z (2021)
If taxable is:					If taxable is:
Over	But not over	tax is			Over	but not over
0	9950	10% of taxable income			0	14200	10% of taxable income
9950	40525	995.00 plus 12% of excess over 9950			14200	54200	1420 plus 12% of excess over14200
40525	86375	4664.00 plus 22% of excess over 40525			54200	86350	6220 plus 22% of excess over 54200
86375	164925	14751.00 plus 24% of the excess over 86375			86350	164900	13293 plus 24% of excess over86350
164925	209425	33603.00 plus 32% of the excess over 164925			164900	209400	32145 plus 32% of excess over 164900
209425	523600	47843 plus 35% of the excess over 209425			209400	523600	46385 plus 35% of excess 209425
523600		157804.25 plus 37% of the excess over 523600			523600		156355 plus 37% of excess over 523600