Question
Determine the tax liability for tax year 2016 in each of the following instances. In each case, assume the taxpayer can take only the standard
Determine the tax liability for tax year 2016 in each of the following instances. In each case, assume the taxpayer can take only the standard deduction. (Use the Tax Tables for taxpayers with taxable income under $100,000 and the Tax Rate Schedules for those with taxable income above $100,000. Round your intermediate computations to two decimal places and final answer to the nearest dollar amount.)
Use the appropriate Tax Tables or Tax Rate Schedules.
A single taxpayer, not head of household, with AGI of $169,783 and no dependents.
A married couple filing jointly with AGI of $162,288 and three dependents.
A married couple filing jointly with AGI of $301,947 and one dependent.
A qualifying widow, age 66, with AGI of $49,240 and one dependent.
A head of household with AGI of $14,392 and two dependents.
Tax tables=
http://lectures.mhhe.com/connect/1259575543/2016_Tax_Table.pdf
or tax rate schedules=
http://lectures.mhhe.com/connect/1259575543/2016_Tax_Rate_Schedule.pdf
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