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Answer the following questions related to tax changes for the 2019 and 2020 calendar/tax year. 1. While the marginal tax rates didn't change in 2019,

Answer the following questions related to tax changes for the 2019 and 2020 calendar/tax year.

1. While the marginal tax rates didn't change in 2019, the amount of income taxed at those tax rates changed. For the following situations, enter the range of income taxed at the rate given:

a. Single taxpayer, 22%.

b. Married filing jointly, 22%.

c. Head of household, 22%.

2. The marginal tax rates didn't change in 2020 as well, but the amount of income taxed at those tax rates changed. For the following situations, enter the range of income taxed at the rate given:

a. Single taxpayer, 22%.

b. Married filing jointly, 22%.

c. Head of household, 22%.

3. What is the 2019 standard deduction for each the following filing status:

a. Single

b. Married filing jointly

c. Head of household

4. What is the 2020 standard deduction for each the following filing status:

a. Single

b. Married filing jointly

c. Head of household

5. What is the wage base limit for Social Security tax in 2019?

6. What will be the wage base limit for Social Security tax in 2020?

7. What is the Section 179 expense limit for 2020?

8. For 2019, qualified unreimbursed medical expenses can be deducted if they exceed _______% of AGI.

income tax individual and business 2019

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