Calculating Tax Liability (LO. 5) Refer to the Tax Rate Schedules to answer the following questions. Calculate the 2019 tax liability and the tax or refund due for each situation. Round interim and final answers to the nearest dollar. 2019 Tax Liability Tax or Refund a. $ 9,059 141 b. 6,812 438 C. 7,138 662 Mark is single with no dependents and has a taxable income of $60,000. He has $9,200 withheld from his salary for the year. Harry and Linda are married filing jointly and have taxable income of $60,000. Harry has $4,250 withheld from his salary. Linda makes estimated tax payments totaling $3,000. Aspra is single. His 20-year-old son, Calvin, lives with him throughout the year. Calvin pays for less than one-half of his support and his earned income for the year is $3,000. Aspra pays all costs of maintaining the household. His taxable income is $60,000. Aspra's withholdings total $7,800. Randy and Raina are married. Because of marital discord, they are not living together at the end of the year, although they are not legally separated or divorced, Randy's taxable income is $25,000, and Raina's is $60,000. Randy makes estimated tax payments of $3,500, and Raina has $7,500 in tax withheld from her salary. Assume they choose to file as married filing jointly, d. 10,417 583 Table B-1 Single Taxpayers If Taxable income Is Over $ 0 9,701 39,476 84,201 160,726 204,101 510,301 But Not Over 9,700 39,475 84,200 160,725 204,100 510,300 The Tax is 10% $ 970,00 + 12% 4,543.00 +22% 14,382.00 +24% 32,748.00 + 32% 46,628.50 + 35% 153,798,50 +37% of the Amount Over 5 0 9,700 39,475 84,200 160,725 204,100 510,300 Table B-2 Married Taxpayers Filing Jointly and Surviving Spouse But Not Over of the Amount Over If Taxable income Is Over 5 0 19,401 78.951 168,401 321.451 408,201 612 351 19,400 78,950 168,400 321,450 408,200 612,350 The Taxis 10% $1,940.00 + 12% 9,086.00 +22% 28,675.00 24% 65,497.00 -32% 93,257.00 + 35% 164.709.50 +37% $ 0 29,400 78,950 168,400 321,450 408,200 612,350 Table B-3 Head of Household The Tax is If Taxable income Is Over 5 0 13,851 52,851 84201 160,701 But Not Over 13,850 52,850 84200 160,700 204,100 109 $1,385.00 12% 6,065.00+ 22 12,962.00 - 24% 31,322.00 32% of the Amount Over 5 0 13,850 52,850 84,200 160,700