Deductions from Adjusted Gross Income, Calculating Tax Liability (LO. 3, 5)

Hongtao is single and has a gross income of $89,000. His allowable deductions for adjusted gross income are $4,200, and his itemized deductions are $19,000. The standard deduction for 2019 is $12,200.

Round all amounts to the nearest dollar. Refer to the Tax Rate Schedules to answer the following questions.

a.Hangtao's taxable income is____________________ and his tax liability is _____________________ (for 2019)

After determining the taxpayer's taxable income, the tax is computed using the appropriate rate for the taxpayer's filing status.

b.If Hongtao has $12,000 withheld from his salary during 2019 then Hongtao hasa refund

of __________________

c.Assume the same facts as in part a and part b, except that Hongtao is married. His wife's salary is $30,000, and she has $2,000 withheld from her paycheck. They file jointly. The standard deduction for 2019 is $24,400. Their taxable income is ____________________

and their tax liability is __________________

for 2019. They willreceive a refundof ___________

.