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A single, salaried individual who is not operating a business earned $80,000 in wages for 2021 and has $13 000 of itemized deductions. What is
A single, salaried individual who is not operating a business earned $80,000 in wages for 2021 and has $13 000 of itemized deductions. What is the individual's tax liability?
O $7,728
O $10,489
O 510,588
0 513, 349
Basic stnadrd deduction amounts* | Amount of each addional standard deduction | ||||||
Filing status year | 2020 | 2021 | filing status Year | 2020 | 2021 | ||
Single | 12400 | 12550 | Single | 1650 | 1700 | ||
married, filinf jointly | 24800 | 25100 | married, filinf jointly | 1300 | 1350 | ||
Qualifying widow or widower | 24800 | 25100 | Qualifying widow or widower | 1300 | 1350 | ||
head of household | 18650 | 18800 | head of household | 1650 | 1700 | ||
Married, Filing Separtely | 12400 | 12550 | Married, Filing Separtely | 1300 | 1350 |
2021 tax rate Schedules single (2021) | Head of household b- schedule Z (2021) | |||||||||
If taxable are: | If taxable are: | |||||||||
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 the excess over 9950 | 14200 | 54200 | 1420 plus 12% of excess over14200 | |||||
40525 | 86375 | 4664.00 plus 22% of the excess over 40525 | 54200 | 86350 | 6220 plus 22% of the 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 the 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 the excess over 523600 |
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