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2021 Tax Rate Schedules Individuals. Schedule X-Single If taxable income is over: But not over: $ 0 $ 9,950 $ 40,525 $ 86,375 $164,925 $ 209 425 $ 523,600 S 0 $ 19,900 $ 81,050 $172,750 $ 329,850 $418,850 $ 628,300 $ 9,950 $ 40,525 $ 86,350 $164,900 $ 209,400 $ 523,600 $ 86,375 $164,925 $ 209,425 $ 523,600 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: Schedule Z-Head of Household If taxable income is over: But not over: $ 0 $ 14,200 $ 54,200 $164.925 $ 209,425 $314,150 $ 19,900 $ 81,050 $ 172,750 $329,850 $418,850 $628,300 $ 14,200 $ 54,200 $ 86,350 $164,900 $209,400 $ 523,600 The tax is: 10% of taxable income $995 plus 12% of the excess over $9,950 $4,664 plus 22% of the excess over $40,525 $14,751 plus 24% of the excess over $86,375 $33,603 plus 32% of the excess over $164,925 $47,843 plus 35% of the excess over $209 425 $157,804.25 plus 37% of the excess over $523,600 $ 9,950 $ 40,525 $ 86,375 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $ 9,950 $ 40,525 $ 86,375 The tax is: 10% of taxable income $1,990 plus 12% of the excess over $19,900 $9,328 plus 22% of the excess over $81,050 $29,502 plus 24% of the excess over $172,750 $67,206 plus 32% of the excess over $329,850 $95,686 plus 35% of the excess over $418,850 $168.993.50 plus 37% of the excess over $628,300 The tax is: 10% of taxable income $1,420 plus 12% of the excess over $14,200 $6,220 plus 22% of the excess over $54,200 $13,293 plus 24% of the excess over $86,350 $32,145 plus 32% of the excess over $164,900 $46,385 plus 35% of the excess over $209,400 $156,355 plus 37% of the excess over $523,600 The tax is: 10% of taxable income $995 plus 12% of the excess over $ 9,950 $4,664 plus 22% of the excess over $40,525 $164.925 $14.751 plus 24% of the excess over $86,375 $209,425 $33,603 plus 32% of the excess over $164,925 $47,843 plus 35% of the excess over $209,42 $84.496.75 plus 37% of the excess over $314,150 $314,150 Tax Rates for Net Capital Gains and Qualified Dividends Married Filing Jointly 50-580,800 580.801-5501600 Taxable Income Single $0-$40,400 $40,401-$445.850 $445.851+ Trusts and Estates 50-$2,700 $2,701-$13,250 $501.601 $13.251+ *This rate applies to the net capital gains and qualified dividends that fall within the range of saxable income specified in the table (net capital gains and qualified dividends are included in taxable income last for this purpose). Rate 0% 15% 20% Married Filing Separately $0-$40,400 $40,401-$250 800 $250,801+ Head of Household 50-$54,100 554,101-5473,750 $473,751+ [The following information applies to the questions displayed below.] Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2021. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016). Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental. Reba and her daughter Heather (20 years old at the end of the year) moved to Georgia in January of this year. Reba provides more than one-half of Heather's support. They had been living in Colorado for the past 15 years, but ever since her divorce, Reba has been wanting to move back to Georgia to be closer to her family. Luckily, last December, a teaching position opened up and Reba and Heather decided to make the move. Reba paid a moving company $2,170 to move their personal belongings, and she and Heather spent two days driving the 1,520 miles to Georgia. Reba rented a home in Georgia. Heather decided to continue living at home with her mom, but she started attending school full-time in January and throughout the rest of the year at a nearby university. She was awarded a $3,240 partial tuition scholarship this year, and Reba helped out by paying the remaining $500 tuition cost. If possible, Reba thought it would be best to claim the education credit for these expenses. Reba wasn't sure if she would have enough items to help her benefit from itemizing on her tax return. However, she kept track of several expenses this year that she thought might qualify if she was able to itemize. Reba paid $6,280 in state income taxes and $13,540 in charitable contributions during the year. She also paid the following medical-related expenses for herself and Heather: Insurance premiums Medical care expenses Prescription medicine. Nonprescription medicine New contact lenses for Heather $ 8,600 $ 1,100 $ 430 $100. $ 200 Shortly after the move, Reba got distracted while driving and she ran into a street sign. The accident caused $980 in damage to the car and gave her whiplash. Because the repairs were less than her insurance deductible, she paid the entire cost of the repairs. Reba wasn't able to work for two months after the accident. Fortunately, she received $2,000 from her disability insurance. Her employer, the Central Georgia School District, paid 60 percent of the premiums on the policy as a nontaxable fringe benefit and Reba paid the remaining 40 percent portion. A few years ago, Reba acquired several investments with her portion of the divorce settlement. This year she reported the following income from her investments: $2,200 of interest income from corporate bonds and $1,660 interest income from City of Denver municipal bonds. Overall, Reba's stock portfolio appreciated by $12,990, but she did not sell any of her stocks. Heather reported $6,300 of interest income from corporate bonds she received as gifts from her father over the last several years. This was Heather's only source of income for the year. Reba had $10,830 of federal income taxes withheld by her employer. Heather made $1,080 of estimated tax payments during the year. Reba did not make any estimated payments. Assume Reba received the correct advance payment for her 2021 individual recovery credit. Insurance premiums - Medical care expenses. Prescription medicine Nonprescription medicine New contact lenses for Heather Shortly after the move, Reba got distracted while driving and she ran into a street sign. The accident caused $980 in damage to the car and gave her whiplash. Because the repairs were less than her insurance deductible, she paid the entire cost of the repairs. Reba wasn't able to work for two months after the accident. Fortunately, she received $2,000 from her disability insurance. Her employer, the Central Georgia School District, paid 60 percent of the premiums on the policy as a nontaxable fringe benefit and Reba paid the remaining 40 percent portion. A few years ago, Reba acquired several investments with her portion of the divorce settlement. This year she reported the following income from her investments: $2,200 of interest income from corporate bonds and $1,660 interest income from City of Denver municipal bonds. Overall, Reba's stock portfolio appreciated by $12,990, but she did not sell any of her stocks. Heather reported $6,300 of interest income from corporate bonds she received as gifts from her father over the last several years. This was Heather's only source of income for the year. $ 8,600 $1,100. $ 430 $ 100 $ 200 Reba had $10,830 of federal income taxes withheld by her employer. Heather made $1,080 of estimated tax payments during the year. Reba did not make any estimated payments. Assume Reba received the correct advance payment for her 2021 individual recovery credit. Comprehensive Problem 8-84 Part b, c, d (Algo) Required: b. Is Reba allowed to file as a head of household or single? c. Determine the amount of FICA taxes Reba was required to pay on her salary. (Round your final answer to the nearest whole dollar amount.) d. Determine Heather's federal income taxes due or payable. Use Tax Rate Schedule. Dividends and Capital Gains Tax Rates.) for reference. (Round your intermediate computations and final answer to the nearest whole dollar amount.) b.Status of taxpayer c. FICA taxes d. Tax refund Answer is not complete. Head of household $ O 2.907