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Homework: 8.2 hw (8.1B in old book) Save Score: 0 of 1 pt 2 of 5 (1 complete) HW Score: 0%, 0 of 5 pts
Homework: 8.2 hw (8.1B in old book) Save Score: 0 of 1 pt 2 of 5 (1 complete) HW Score: 0%, 0 of 5 pts 8.2.17 Question Help Use the 2016 marginal tax rates to compute the income tax owed by the following person. Unrriarried head of household with two dependent children. Gross income: 564,000 Adjustments: none Deductions: S3895 state taxes S2000 theft loss Tax credit: S2000 2016 Marginal Tax Rates Click the icon to view the 2016 marginal tax rates. The income tax owed is $17 (Type an integer or a decimal. Round to the nearest cent as needed.) Tax Rate 10% 15% 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Unmarried, divorced, Married and each partner Married and both Unmarried and paying or legally separated files a separate tax return partners file a single more than half the cost tax return of supporting a child or parent Single Married Filing Separately Married Filing Jointly Head of Household up to 59275 up to S9275 up to $18.550 up to $13.250 S9276 to S37,650 $9276 to $37,650 $18,551 to $75,300 $13,251 to $50,400 $37,651 to $91,150 $37,651 to $75,950 $75,301 to 5151,900 $50,401 to $130.150 $91,151 to $190,150 $75,951 to $115,725 $151,901 to $231,450 $130,151 to $210,800 $190,151 to $413,350 $115,726 to $206,675 $231.451 to $413,350 $210,801 to $413,350 $413,351 to $415,050 $206,676 to 5233,475 $413.351 to $466.950 $413,351 to $441,000 more than $415.050 more than $233.475 more than $468,950 more than $441,000 $6300 $6300 $12.600 $9300 25% 28% 33% 35% 39.6% Standard Deduction Exemptions (per person) S4050 $4050 $4050 $4050 Print Done
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