Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If Taxable income is Tax Rate Schedules Single least But less than Married Married Head of filing filing jointly sepa- house- rately hold Your tax
If Taxable income is Tax Rate Schedules Single least But less than Married Married Head of filing filing jointly sepa- house- rately hold Your tax is- 75,000 11,054 11.065 11,076 11,087 $o 75.000 75.050 75.100 75,150 75,200 75.250 75.300 T5 250 8.622 12,445 8.62R12.456 8.634 12.457 8,640 12.478 8646 12.489 $0 75,050 75 100 75,150 75,200 75,250 75,300 75.350 25.400 12,445 12.456 12,467 12,478 12,489 12.500 12.511 12522 Schedule Y-1 - If your filing status is Married filing jointly or Qualifying widow(er) If Taxable income is Between The Tax Due is: of the But not amount Over- over- over- 19.050 - 10% 19.051 77.400 $1,905 + 12% 19,050 77,401 165,000 8,907 + 22% 77.400 165.001 315.000 28,179 + 24% 165,000 315,001 400,000 64,179 + 32% 315,000 400,001 600.000 91,379 + 35% 400,000 600,001 161,379 + 37% 600,000 8.652 8.658 12,500 12.511 11.109 11.120 75,450 75,500 12,544 75,500 75.550 75,600 75,650 75,700 75.750 75.800 75.850 75 900 75.950 75,550 75.600 75.650 75,700 75,750 75.000 75,850 75,900 75.950 76.000 12,555 12,566 12,577 12,588 12.599 12,610 12,621 12,632 12,643 12.654 8,676 8.682 8.688 8,694 8.700 8,706 8.712 8,718 8.724 8.730 8.736 12,544 12.555 12566 12577 12,588 12.599 12,610 12,621 12.632 12,643 12.654 11.142 11,153 11.164 11.175 11,186 11.197 11,208 11,219 11.230 11.241 11,252 11.263 11. Using the tax table in Exhibit 4-6, determine the amount of taxes for the following situations: (LO 4.3) a. A head of household with taxable income of $75,751 b. A single person with taxable income of $75,052 c. A married person filing a separate return with taxable income of $75,926 If Taxable income is Tax Rate Schedules Single least But less than Married Married Head of filing filing jointly sepa- house- rately hold Your tax is- 75,000 11,054 11.065 11,076 11,087 $o 75.000 75.050 75.100 75,150 75,200 75.250 75.300 T5 250 8.622 12,445 8.62R12.456 8.634 12.457 8,640 12.478 8646 12.489 $0 75,050 75 100 75,150 75,200 75,250 75,300 75.350 25.400 12,445 12.456 12,467 12,478 12,489 12.500 12.511 12522 Schedule Y-1 - If your filing status is Married filing jointly or Qualifying widow(er) If Taxable income is Between The Tax Due is: of the But not amount Over- over- over- 19.050 - 10% 19.051 77.400 $1,905 + 12% 19,050 77,401 165,000 8,907 + 22% 77.400 165.001 315.000 28,179 + 24% 165,000 315,001 400,000 64,179 + 32% 315,000 400,001 600.000 91,379 + 35% 400,000 600,001 161,379 + 37% 600,000 8.652 8.658 12,500 12.511 11.109 11.120 75,450 75,500 12,544 75,500 75.550 75,600 75,650 75,700 75.750 75.800 75.850 75 900 75.950 75,550 75.600 75.650 75,700 75,750 75.000 75,850 75,900 75.950 76.000 12,555 12,566 12,577 12,588 12.599 12,610 12,621 12,632 12,643 12.654 8,676 8.682 8.688 8,694 8.700 8,706 8.712 8,718 8.724 8.730 8.736 12,544 12.555 12566 12577 12,588 12.599 12,610 12,621 12.632 12,643 12.654 11.142 11,153 11.164 11.175 11,186 11.197 11,208 11,219 11.230 11.241 11,252 11.263 11. Using the tax table in Exhibit 4-6, determine the amount of taxes for the following situations: (LO 4.3) a. A head of household with taxable income of $75,751 b. A single person with taxable income of $75,052 c. A married person filing a separate return with taxable income of $75,926
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started