Determine the tax liability for tax year 2019 in each of the following instances. In each case, assume the taxpayer can take only the standard deduction.

Use the appropriateTax TablesandTax Rate Schedules.

• A single taxpayer, not head of household, with AGI of $23,493 and one dependent.
  

Final PDF to printer Appendix F 2019 Federal Income Tax Information 2019 Federal Tax Rate Schedules Schedule X-Single If taxable income is over: But not over: $0 $9,700 $39,475 $84,200 $160,725 $204,100 $510,300 $9,700 $39,475 $84,200 $160,725 $204,100 $510,300 The tax is: 10% of taxable income $970.00 plus 12% of the excess over $9,700 $4,543.00 plus 22% of the excess over $39,475 $14,382.50 plus 24% of the excess over $84,200 $32,748.50 plus 32% of the excess over $160,725 $46,628.50 plus 35% of the excess over $204,100 $153,798.50 plus 37% of the excess over $510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: $0 $19,400 $78,950 $168,400 $321,450 $408,200 $612,350 $19,400 $78,950 $168,400 $321,450 $408,200 $612,350 The tax is: 10% of taxable income $1,940.00 plus 12% of the excess over $19,400 $9,086.00 plus 22% of the excess over $78,950 $28,765.00 plus 24% of the excess over $168,400 $65,497.00 plus 32% of the excess over $321,450 $93,257.00 plus 35% of the excess over $408,200 $164,709.50 plus 37% of the excess over $612,350 Copyright 2020 The McGraw-Hill Education. All rights reserved. Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $0 $9,700 $39,475 $84,200 $160,725 $204,100 $306,175 $9,700 $39,475 $84,200 $160,725 $204,100 $306,175 The tax is: 10% of taxable income $970.00 plus 12% of the excess over $9,700 $4,543.00 plus 22% of the excess over $39,475 $14,382.50 plus 24% of the excess over $84,200 $32,748.50 plus 32% of the excess over $160,725 $46,628.50 plus 35% of the excess over $204,100 $82,354.75 plus 37% of the excess over $306,175 Schedule Z-Head of Household If taxable income is over: But not over: $0 $13,850 $52,850 $84,200 $160,700 $204,100 $510,300 $13,850 $52,850 $84,200 $160,700 $204,100 $510,300 The tax is: 10% of taxable income $1,385.00 plus 12% of the excess over $13,850 $6,065.00 plus 22% of the excess over $52,850 $12,962.00 plus 24% of the excess over $84,200 $31,322.00 plus 32% of the excess over $160,700 $45,210.00 plus 35% of the excess over $204,100 $152,380.00 plus 37% of the excess over $510,300 F-1 cru69622_appF_F1-F2.inddF-1\b 09/16/19 01:03 PM Final PDF to printer F-2 Appendix F 2019 Federal Income Tax Information Qualified Dividends & Capital Gains Tax Rates Standard Mileage Rates Collectible gain 28% Business miles $0.58 Section 1202 gain 28% Charity miles $0.14 Unrecaptured Section 1250 gain 25% Medical miles $0.20 Moving miles $0.20 Other capital gains and qualified dividends based on taxable income: Zero tax rate: \u0007 Single & Married filing separately: taxable income of $0-$39,375 Married filing jointly: taxable income of $0-$78,750 Head of household: taxable income of $0-$52,750 15% tax rate: \u0007 Single & Married filing separately: taxable income of $39,376-$434,550 Married filing jointly: taxable income of $78,751-$488,850 Head of household: taxable income of $52,751-$461,700 20% tax rate: \u0007 Single and Married filing separately: taxable income of over $434,550 Married filing jointly: taxable income of over $488,850 Head of household: taxable income of over $461,700 Short-term capital gains (held 1 year or less) are taxed at ordinary tax rates Child Tax Credit Amount per child under 17 $2,000 Credit reduction$50 per $1,000 over AGI threshold Married filing jointly $400,000 All other taxpayers $200,000 Coverdell Educational Savings Accounts Contributions limit$2,000 per year per beneficiary, must be in cash, and must be made before the beneficiary turns 18. Phase-out Thresholds Married filing jointlyAGI SingleAGI $190,000-$220,000 $95,000-$110,000 Traditional IRA Contribution Deduction Standard Deduction Filing Status Basic Standard Deduction IRA contributionsLower of $6,000 or the amount of compensation Individuals who are age 50 or olderLower of $7,000 or compensation. Single $12,200 Married filing jointly $24,400 Married filing separately $12,200 Phase-outs if the individual is a participant in another retirement plan: Head of household $18,350 Married Qualifying widow(er) $24,400 $103,000-$123,000 Phase-out range Greater than $123,000no deduction $64,000-$74,000 Phase-out range Greater than $74,000no deduction Single Additional over 65 or blind Married, qual. widow(er) Single/Head of household $1,300 $1,650 Roth IRA Contribution Social Security, Medicare, & Self-Employment Taxes Employee Rate Income Limit Roth contribution $6,000 or compensation 50 or older $7,000 or compensation $132,900 All Roth contributions are not tax deductible Medicare Total 1.45% 7.65% Unlimited Joint Returns$193,000-$203,000 phase-out range Self-employed Rate Income Limit Social Security 12.4% $132,900 Medicare Total 2.9% 15.3% Unlimited Social Security 6.2% An additional Medicare tax of 0.9% is assessed on wages and self-employment income in excess of $250,000 (married filing jointly), $125,000 (married filing separately), or $200,000 (all others). cru69622_appF_F1-F2.inddF-2\b Single or head of household$122,000-$137,000 phase-out range Health Savings Account Contribution Individual $3,500 Family $7,000 Taxpayers who are age 55 or older may contribute an additional $1,000 ($4,500 individual or $8,000 family) 09/16/19 01:03 PM