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Avery, an unmarried taxpayer, had the following income items: Salary Net income from a rental house $ 43,200 5,280 Avery has a 4-year-old child
Avery, an unmarried taxpayer, had the following income items: Salary Net income from a rental house $ 43,200 5,280 Avery has a 4-year-old child who attends a day care center. Avery paid $4,060 to this center and has no itemized deductions. Required: Compute Child Credit, Dependent Credit, and Avery income tax after these two credits. Assume the taxable year is 2022. Use Individual Tax Rate Schedules and Standard Deduction Table. Note: Round your intermediate computations to the nearest whole dollar amount. Child Credit Dependent Credit Income Tax Amount Married Filing Separately If taxable income is Not over $10,275 Over $10,275 but not over $41,775 Over $41,775 but not over $89,075 Over $89,075 but not over $170,050 Over $170,050 but not over $215,950 Over $215,950 but not over $323,925 Over $323,925 Head of Household If taxable income is Not over $14,650 Over $14,650 but not over $55,900 Over $55,900 but not over $89,050 Over $89,050 but not over $170,050 Over $170,050 but not over $215,950 Over $215.950 but not over $539.900 Over $539,900 Single 1 If taxable income is Not over $10,275 Over $10,275 but not over $41,775 Over $41,775 but not over $89.075 Over $89,075 but not over $170,050 Over $170.050 but not over $215.950 Over $215,950 but not over $539,900 Over $539.900 Type here to search alat Esc A 2 The tax is 10% of taxable income $1,027.50 +12% of excess over $10,275 $4,807.50 +22% of excess over $41.775 $15,213.50+24% of excess over $89,075 $34,647.50+32% of excess over $170,050 $49.335.50 +35% of excess over $215,950 $87,126.75 +37% of excess over $323,925 The tax is 10% of taxable income $1,465.00+12% of excess over $14,650 $6,415.00+22% of excess over $55,900 $13.708.00+24% of excess over $89,050 $33,148.00+ 32% of excess over $170,050 $47.836.00+35% of excess over $215,950 $161,218.50 +37% of excess over $539.900 The tax is 10% of taxable income $1,027.50+12% of excess over $10,275 $4,807.50+22% of excess over $41,775 $15.213.50+24% of excess over $89,075 $34,647.50+32% of excess over $170.050 $49,335.50 +35% of excess over $215,950 $162,718+37% of excess over $539,900 ON O II 0 9 LC B 20 Married filing jointly and surviving spouses Married filing separately Head of household Single Type here to search $25.900 12,950 19,400 12,950
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