boo O More info Harrison George is a 35% partner in the Hunt & George Partnership. During 2021, the partnership reported the total items below (100%) on its Form 1065: (Click the icon to view the items on the Form 1065.) (Click the icon to view more information.) (Click the icon to view the 2021 tax rate schedule.) (Click the icon to view the Standard Deduction amounts.) Read the requirement. (Click the icon to view the capital gain rates for 2021.) First calculate the adjusted gross income (AGI), then calculate taxable income, and finally calculate the balance due/refund. (Calculate the ta amounts you enter in the input fields to the nearest whole dollar. Enter a refund using a minus sign or parentheses. If an input field is not use Adjusted gross income (AGI) Harrison and his wife Donna, who file a joint return, also had the following income and deductions from sources not connected with the partnership: Income Donna's salary Qualified dividends Deductions Mortgage interest Real estate taxes Charitable contributions $ 75,000 6,000 11,000 6,400 1,200 Harrison and Donna have two children. During 2021, Donna had $5,400 in federal income taxes withheld from her salary, and Harrison made four estimated tax payments of $3,500 each ($14,000 total). Print Done Harrison George is a 35% partner in the Hunt & George Partnership. During 2021, the partnership reported the total items below (100%) on its Form 1065: (Click the icon to view the items on the Form 1065.) (Click the icon to view the 2021 tax rate schedule.) (Click the icon to view the Standard Deduction amounts.) Read the requirement. (Click the icon to (Click the icon to Reference First calculate the adjusted gross income (AGI), then calculate taxable income amounts you enter in the input fields to the nearest whole dollar. Enter a refun Adjusted gross income (AGI) Capital Gains and Dividends Capital gains and losses are assigned to baskets. Five possible tax rates will apply to most capital gains and losses: Ordinary income tax rates (up to 37% in 2021) for gains on assets held one year or less 28% rate on collectibles gains and includible Sec. 1202 gains . Preferential tax rates for gains on assets held for more than one year and qualified dividends based on the taxpayer's taxable income and filing status as shown in the following table: Preferencial Rate Single 0% Up to $40,400 Filing Jointly* Up to $80,800 15% 20% > $40,400 but not over $445,850 Over $445,850 > $80,800 but not over $501,600 Over $501,600 Head of Household Up to $54,100 > $54,100 but not over $473,750 Over $473,750 The corresponding amounts if married filing separately are half of the amounts for filing jointly. The preferential rate is zero for taxable income up to $40,400 if married filing separately. Print Done booo Harrison George is a 35% partner in the Hunt & George Partnership. During 2021, the partnership reported the total items below (100%) on its Form 1065: (Click the icon to view the items on the Form 1065.) (Click the icon to view more information.) (Click the icon to view the 2021 tax rate schedule.) (Click the icon to view the Standard Deduction amounts.) Read the requirement. (Click the icon to view the capital gain rates for 2021.) Reference First calculate the adjusted gross income (AGI), then calculate taxable inc amounts you enter in the input fields to the nearest whole dollar. Enter a r Adjusted gross income (AGI) STANDARD DEDUCTION Filing Status Married individuals filing joint returns and surviving spouses Heads of households Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing separate returns Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $350 or (2) $1,100. *These amounts are $2,700 and $3,400, respectively, for a taxpayer who is both aged and blind. Print Done S 25,100 S 18,800 S 12,550 $ 12,550 $1,350 $1,700*