Question
Aliza Grajek is a self-employed nurse with a 2017 gross income of $68,000 and taxable annual income (federal and state) of $55,000 after adjustments, exemptions,
Aliza Grajek is a self-employed nurse with a 2017
gross income of $68,000
and taxable annual income (federal and state) of $55,000
after adjustments, exemptions, and deductions. Calculate her total 2017
income tax liability, including federal and FICA taxes.
Question content area bottom
1. According to the IRS tax table, Aliza's federal income tax liability for the
2017 tax year is
$enter your response here.
(Round to the nearest cent.)Click the following link for the tax rates and brackets table. .
2. Assume the amount of taxable income for Social Security and Medicare (FICA) purposes is equal to the gross income of
$68,000. Aliza's Social Security tax liability for the 2017
tax year is $enter your response here.
(Round to the nearest cent.)
3. Aliza's Medicare tax liability for the 2017
tax year is $enter your response here.
(Round to the nearest cent.)
4. Aliza's total tax liability for the 2017
tax year is $enter your response here.
(Round to the nearest cent.)
Data Table 2:27:22. 7:31 PM Tax Rates and Brackets Single If Taxable income is: The Tax is: Not over $9,325 10% of taxable income Over $9,325 but not over $37,950 $932.50 plus 15% of the excess over $9,325 Over $37,950 but not over $91,900 $5,226 25 plus 25% of the excess over $37,950 Over $91.900 but not over $191,650 $18,713.75 plus 28% of the excess over $91,900 Over $191,650 but not over $416,700 $46,643.75 plus 33% of the excess over $191,650 Over $416,700 but not over $418,400 $120,910.25 plus 35% of the excess over $416,700 Over $418,400 $121,505 25 plus 39.6% of excess over $418,400 Married Filing Joint Returns and Surviving Spouses If Taxable income is: The Tax is: Not over $18,650 10% of taxable income Over $18,650 but not over $75,900 $1,865 plus 15% of the excess over $18,650 Over $75,900 but not over $153,100 $10,452.50 plus 25% of the excess over $75,900 Over $153,100 but not over $233,350 $29,752.50 plus 28% of the excess over $153, 100 Over $233,350 but not over $416,700 $52,222.50 plus 33% of the excess over $233,350 Over $416,700 but not over $470,700 $112,728 plus 35% of the excess over $416,700 Over $470,700 $131,628 plus 39.6% of the excess over $470,700 11 hulps://sierra instructure.com courses:35-1258/assignments 3%8160Step by Step Solution
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