In tax year 2022, Annie has taxable income of $250,000 and her filing status is Head...
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In tax year 2022, Annie has taxable income of $250,000 and her filing status is Head of Household. Her total income from all sources is $300,000. Compute the following: 1. Annie's total tax 2. Annie's average tax rate 3. Annie's effective tax rate 4. Annie's marginal tax rate You can find the IRS tax rate schedules for 2022 in Rev. Proc. 2021-45 available here >. You must show your work to receive credit. If you need a refresher on these tax rates and their meaning, watch the "Tax Structure" and "Tax Structure - Examples" Videos found here. In tax year 2022, Annie has taxable income of $250,000 and her filing status is Head of Household. Her total income from all sources is $300,000. Compute the following: 1. Annie's total tax 2. Annie's average tax rate 3. Annie's effective tax rate 4. Annie's marginal tax rate You can find the IRS tax rate schedules for 2022 in Rev. Proc. 2021-45 available here >. You must show your work to receive credit. If you need a refresher on these tax rates and their meaning, watch the "Tax Structure" and "Tax Structure - Examples" Videos found here.
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