Calculate tax liability. What would be the tax liability for a single taxpayer who has a gross income of $52,000 as a newly hired paraplanner following graduation?

2020 Tax Rate Schedules-2.pdf

Standard deduction for 2020:

• Single or Married filing separately, $12,400
• Married filing jointly or Qualifying widow(er), $24,800
• Head of household, $18,650

Itemized Deductions or Standard Deduction: In most cases, your federal income tax will be less if you take the larger or your itemized deductions or standard deduction.