Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help pls up to $8700 up to $8700 Use the table to calculate the tax owed. Round to the nearest cent. Table 9.1 2012 Marginal

Help pls
image text in transcribed
up to $8700 up to $8700 Use the table to calculate the tax owed. Round to the nearest cent. Table 9.1 2012 Marginal Tax Rates Standard Deductions, and Exemptions Married Filing Married Head of Tax Rate Single Separately Filing Jointly Household 10% up to $17.400 up to $12,400 15% $8701 to $35.350 $8701 to $35.350 $17,401 to $70,700 $12,401 to $47.350 25% $35,351 to $85,650 $35,351 to $71,350 $70,701 to $142,700 S47.351 to $122 300 28% $85,651 to $178,650 $71,351 to $108.725 $142.701 to $217,450 $122.301 to $198.050 33% $178,651 to $388,350 $108,726 to $194,175 $217,451 to $388,350 $198,051 to $388,350 35% more than $388,350 more than $194,175 more than $388,350 more than $388,350 Standard Deduction $5950 $5950 $11.900 /$8700 Exemptions (per person) $3800 $3800 $3800 $3800 A Single female, no dependents Gross income: $35,000 Adjustments: $3000 Deductions: $2000 charitable contributions $2500 student loan interest Tax credit: none O $2902.50 $3120.00 $2032.50 $3690.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Contabilidad Para No Contadores

Authors: Wayne Label

2nd Edition

9587712986, 9789587712988

More Books

Students also viewed these Accounting questions