Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Determine the tax liability for tax year 2022 in each of the following instances. In each case, assume the taxpayer can take only the standard

Determine the tax liability for tax year 2022 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. Required: a. A single taxpayer, not head of household, with AGI of $23,493 and one dependent. b. A single taxpayer, not head of household, with AGI of $169,783 and no dependents. Note: Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount. c. A married couple filing jointly with AGI of $39,945 and two dependents. d. A married couple filing jointly with AGI of $162,288 and three dependents. Note: Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount. e. A married couple filing jointly with AGI of $301,947 and one dependent. Note: Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount. f. A taxpayer filing married filing separately with AGI of $68,996 and one dependent. g. A qualifying widow, age 66, with AGI of $49,240 and one dependent. h. A head of household with AGI of $14,392 and two dependents. i. A head of household with AGI of $59,226 and one dependent. Note: For all requirements, leave no cells blank. Enter "O" wherever required.
image text in transcribed
Determine the tax liability for tax year 2022 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. Required: 0. A single taxpayer, not head of household, with AGI of $23.493 and one dependent. b. A single taxpayer, not head of household, with AGI of $169,783 and no dependents. Note: Round your intermediate colculations to 2 decimal places and final onswer to the nearest dollar amount. c. A marrled couple filing jointly with AGl of $39,945 and two dependents: d. A married couple filing jointly with AGl of $162,288 and three dependents. Note: Round your intermediate colculations to 2 decimal places and final answer to the nearest dollar amount. e. A married couple filing jointly with AGI of $301.947 and one dependent. Note: Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount. f. A taxpayer filing married filing separately with AGI of $68,996 and one dependent. g. A qualifying widow, age 66, with AGI of $49,240 and one dependent. h. A head of household with AGI of \$14,392 and two dependents. i. A head of household with AGI of $59.226 and one dependent. Note: For all requirements, leave no cells blank. Enter " O " wherever required. Determine the tax liability for tax year 2022 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. Required: 0. A single taxpayer, not head of household, with AGI of $23.493 and one dependent. b. A single taxpayer, not head of household, with AGI of $169,783 and no dependents. Note: Round your intermediate colculations to 2 decimal places and final onswer to the nearest dollar amount. c. A marrled couple filing jointly with AGl of $39,945 and two dependents: d. A married couple filing jointly with AGl of $162,288 and three dependents. Note: Round your intermediate colculations to 2 decimal places and final answer to the nearest dollar amount. e. A married couple filing jointly with AGI of $301.947 and one dependent. Note: Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount. f. A taxpayer filing married filing separately with AGI of $68,996 and one dependent. g. A qualifying widow, age 66, with AGI of $49,240 and one dependent. h. A head of household with AGI of \$14,392 and two dependents. i. A head of household with AGI of $59.226 and one dependent. Note: For all requirements, leave no cells blank. Enter " O " wherever required

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

10. What is meant by a feed rate?

Answered: 1 week ago