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Joanna is single and has 2 dependent children. She earns a gross yearly salary of $66,461. She will also make the following tax-deductible purchase:
Joanna is single and has 2 dependent children. She earns a gross yearly salary of $66,461. She will also make the following tax-deductible purchase: Educational expenses: $12,590 Compute her final income tax. Use the following information: 2023 Head of Household If Taxable Income is Between: $0 - $15,700 $15,701 - $59,850 $59,851 - $95,350 The Tax Due is: 10% of taxable income $1,570 plus 12% of the amount over $15,700 $6,868 plus 22% of the amount over $59,850 $14,678 plus 24% of the amount over $95,350 $95,351 - $182,100 $182,101 $231,250 $231,251 - $578,100 $578.101 or more $35,498 plus 32% of the amount over $182,100 $51,226 plus 35% of the amount over $231,250 $172,623.50 plus 37% of the amount over $578,100 Standard deduction for heads of households: $20,800 Round your answer to the nearest dollar.
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