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com/irn/takeAssignment/takeAssignmentMain.do?invoker-finished Book Calculator Problem 1-17 Filing Status and Tax Computation (LO 1.5) Melissa and Aaron are married taxpayers with taxable income of $105,000 and file

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com/irn/takeAssignment/takeAssignmentMain.do?invoker-finished Book Calculator Problem 1-17 Filing Status and Tax Computation (LO 1.5) Melissa and Aaron are married taxpayers with taxable income of $105,000 and file a joint tax return. a. When you calculate their tax liability, are you required to use the tax tables or the tax rate schedules, or does it matter? The tax rate schedules must be used. Check My Wark An important step in calculating the amount of a taxpayer's tax is the determination of the taxpayer's correct filing status. The tax law has five different filing statuses: single; married filing jointly; married filing separately; head of household; and qualifying widow(er). The tax table must be used unless the taxpayer's taxable income is $100,000 or more or the taxpayer is using a special method to calculate the tax liability. If taxpayers cannot use the tax table to determine their tax, a tax rate schedule is used. Each filing status has a separate tax rate schedule. Click here to access the tax table and tax rate schedules to use for this problem. b. What is their 2017 tax liability? Round your answer to the nearest cent. 17,793 1 x Incorrect Previous Next 716 PM

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