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George is a business owner. He is single . The business income is taxed to him as a flow throughthus, it is on his individual

George is a business owner. He is single. The business income is taxed to him as a flow throughthus, it is on his individual tax return. His expected Taxable Income (after standard deduction) is $150,000 in the year 2021. He also expects Taxable Income (after the standard deduction) of $250,000 in the year 2022. His accountant has identified a tax strategy to accelerate taxable income from 2022 to 2021 (by a combination of accelerating income and deferring deductions). The overall taxable income for both years will $400,000. Review the single tax table for 2021 and assume the 2022 table will be the same as 2021. For purposes of the below questions ignore Self-employment taxes and the QBI deduction.

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