Question
Havel and Petra are married and will file a joint tax return. Havel has W-2 income of $38,756, and Petra has W-2 income of $49,555.
Havel and Petra are married and will file a joint tax return. Havel has W-2 income of $38,756, and Petra has W-2 income of $49,555. Use the appropriate Tax Tables and Tax Rate Schedules.
Required:
- What is their tax liability using the Tax Tables?
- What is their tax liability using the Tax Rate Schedule? (Round your intermediate computations and final answer to 2 decimal places.)
TAX LIABILITY USING TAX TABLES ?
TAX LIABILITY USING TAX RATE SCHEDULE?
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mcalpine, Chrisann Lee, Lorena Mitrione, Ngaire Kirk, Lily Wong
7th Edition
0730395294, 978-0730395294
