Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ital Gains Married Total Cap Gains & Earned Net Invest. Cap. Gains Ordinary & Dividends Income Tax Rate 10% 0% Filing Head of Jointly Household^

image text in transcribed

ital Gains Married Total Cap Gains & Earned Net Invest. Cap. Gains Ordinary & Dividends Income Tax Rate 10% 0% Filing Head of Jointly Household^ Single Income* Inc. Tax Medicare 9,876 19,751 14,101 12% 0% 2.9% 0.0% 2.9% 40,126 80,251 53,701 22% 0% 2.9% 0.0% 2.9% 40,001 80,001 53,601 15% 2.9% 0.0% 17.9% 24% 15% 2.9% 0.0% 17.9% 32% 15% 2.9% 3.8% 21.7% 85,526 171,051 85,501 163,301 326,601 163,301 207,350 414,701 207,351 441.451 496,601 469,051 518,401 622,051 518,401 35% 15% 2.9% 3.8% 21.7% 20% 3.8% 3.8% 27.6% 37% 20% 3.8% 3.8% 27.6% ^ The beginning of the tax bracket. *Combined rate= 1.45% employer contribution. Net Investment Income Taxis calculated on your MAGI and Investment Income being above the Threshold. MAGI is AGI + foreign income + a few other areas. Your taxis on the excess above that threshold amount. Homework Case Study - Calculate the family taxes with itemized and standard deduction method. Dividends, and Med Taxable Inc. Filing Kates Medicare Tax Rate ital Gains Married Total Cap Gains & Earned Net Invest. Cap. Gains Ordinary & Dividends Income Tax Rate 10% 0% Filing Head of Jointly Household^ Single Income* Inc. Tax Medicare 9,876 19,751 14,101 12% 0% 2.9% 0.0% 2.9% 40,126 80,251 53,701 22% 0% 2.9% 0.0% 2.9% 40,001 80,001 53,601 15% 2.9% 0.0% 17.9% 24% 15% 2.9% 0.0% 17.9% 32% 15% 2.9% 3.8% 21.7% 85,526 171,051 85,501 163,301 326,601 163,301 207,350 414,701 207,351 441.451 496,601 469,051 518,401 622,051 518,401 35% 15% 2.9% 3.8% 21.7% 20% 3.8% 3.8% 27.6% 37% 20% 3.8% 3.8% 27.6% ^ The beginning of the tax bracket. *Combined rate= 1.45% employer contribution. Net Investment Income Taxis calculated on your MAGI and Investment Income being above the Threshold. MAGI is AGI + foreign income + a few other areas. Your taxis on the excess above that threshold amount. Homework Case Study - Calculate the family taxes with itemized and standard deduction method. Dividends, and Med Taxable Inc. Filing Kates Medicare Tax Rate

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

Step: 3

blur-text-image

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

Automated Stock Trading Systems

Authors: Laurens Bensdorp

1st Edition

1544506031, 978-1544506036

More Books

Students also viewed these Finance questions

Question

3. What is the relationship between brevity and clarity?

Answered: 1 week ago