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Either question would help. Thank you A. B. Use the marginal tax rates in the table below to compute the tax owed in the following
Either question would help. Thank you
A.
B.
Use the marginal tax rates in the table below to compute the tax owed in the following situation. The tax owed is $ (Type an integer or a decimal.) Paul is a head of household with a taxable income of $58,000. He is entitled to a $6000 tax credit. Tax Rate 10% 15% 25% 28% 33% 35% 39.6% Standard deduction Exemption (per person) C Head of Household up to $13,350 up to $50,800 up to $131,200 up to $212,500 up to $416,700 up to $444,550 above $444,550 $9350 $4050 Use the marginal tax rates in the table below to compute the tax owed in the following situation. The tax owed is $ (Type an integer or a decimal.) Winona and Jim are married filing jointly, with a taxable income of $389,000. They are entitled to a $7500 tax credit. Tax Rate 110% 15% 25% 28% 33% 35% 39.6% Standard deduction Exemption (per person) Married Filing Jointly up to $18,650 up to $75,900 up to $153,100 up to $233,350 up to $416,700 up to $470,700 above $470,700 $12,700 $4050Step by Step Solution
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