Homework: 6.3 Homework (Ch. 13-14). Score: 0 of 1 pt 15 of 45 (14 complete) HW Score: 28.89% 13.2.33 Skill Builder : Questi John and Vicki Karsten had combined wages and salaries of $64,280, other income of $5281, dividend income of $322, and interest income of $666. They have adjustments to income of $2481. Their itemized deductions are $7 mortgage interest, $3350 in state income tax, $3300 in real estate taxes, and $1219 in charitable contributions. The Karstens filed a joint return and claimed 3 exemptions. Find the tax. Click here to view Tax Rate Schedule - Single. Click here to view Tax Rate Schedule - Married filing.jointly. Click here to view Tax Rate Schedule - Married filing separately. Click here Click here to view the Standard Deductions Amounts. Click here to view the Personal Exemption Amounts. Tax Rate Schedule - Married Filing Jointly - X Personal Exemption Amounts Standard Deductions Amounts Filing status and exemptions Single individual (1 exemption) Married with 3 children (5 exemptions) Single, head of household, 2 children (3 exemptions) Taxable income $0 - $18,550 $18,551 - $75,300 $75,301 - $151,900 $151,901 - $231,450 $231,451 - $413,350 $413,351 - $466,950 $466,951 or more Total Deduction 1 x $4050 = $4050 5 x $4050 = $20,250 3 x $4050 = $12,150 Finding Standard Deductions MARRIED FILING JOINTLY Find the Tax 10% $1,855 plus 15% of the amount over $18,550 $10,367.50 plus 25% of the amount over $75,300 $29,517.50 plus 28% of the amount over $151,900 $51,791.50 plus 33% of the amount over $231,450 $111,818.50 plus 35% of the amount over $413,350 $130,578.50 plus 39.6% of the amount over $466,950 $6,300 for single taxpayers $12,600 for married taxpayers filing jointly $6,300 for married taxpayers filing separately $9,300 for head of household Print Done Print Done Print Done Homework: 6.3 Homework (Ch. 13-14). Score: 0 of 1 pt 15 of 45 (14 complete) HW Score: 28.89% 13.2.33 Skill Builder : Questi John and Vicki Karsten had combined wages and salaries of $64,280, other income of $5281, dividend income of $322, and interest income of $666. They have adjustments to income of $2481. Their itemized deductions are $7 mortgage interest, $3350 in state income tax, $3300 in real estate taxes, and $1219 in charitable contributions. The Karstens filed a joint return and claimed 3 exemptions. Find the tax. Click here to view Tax Rate Schedule - Single. Click here to view Tax Rate Schedule - Married filing.jointly. Click here to view Tax Rate Schedule - Married filing separately. Click here Click here to view the Standard Deductions Amounts. Click here to view the Personal Exemption Amounts. Tax Rate Schedule - Married Filing Jointly - X Personal Exemption Amounts Standard Deductions Amounts Filing status and exemptions Single individual (1 exemption) Married with 3 children (5 exemptions) Single, head of household, 2 children (3 exemptions) Taxable income $0 - $18,550 $18,551 - $75,300 $75,301 - $151,900 $151,901 - $231,450 $231,451 - $413,350 $413,351 - $466,950 $466,951 or more Total Deduction 1 x $4050 = $4050 5 x $4050 = $20,250 3 x $4050 = $12,150 Finding Standard Deductions MARRIED FILING JOINTLY Find the Tax 10% $1,855 plus 15% of the amount over $18,550 $10,367.50 plus 25% of the amount over $75,300 $29,517.50 plus 28% of the amount over $151,900 $51,791.50 plus 33% of the amount over $231,450 $111,818.50 plus 35% of the amount over $413,350 $130,578.50 plus 39.6% of the amount over $466,950 $6,300 for single taxpayers $12,600 for married taxpayers filing jointly $6,300 for married taxpayers filing separately $9,300 for head of household Print Done Print Done Print Done
