Lilian, a single taxpayer, had the following income and deductions for the year 2000 Bonto vecome and eduction) Click to conto the standard deduction) the iton to wow the 2021 tax lechedule for the Single ting Reed the more Requirement a compete Lani's trabie noone and federate by fox 2001 ground to colors and ignore the quilted business comedection med employment hues for this probin) First come the gross income, then calitatea cable income and the federal tax iniy (rotate the long the schedule. Do not round rices to cheation. Round the mountained into ou the role of an potold and teave the floor) Total income from whatever source derived Minus: Exclusions, as provided in the tax law INCOME: $ 115,000 30,000 Salary Business Income Interest income from taxable bonds Interest income from tax-exempt bonds TOTAL INCOME 14,000 5,500 $ 164,500 DEDUCTIONS: Business expenses 10,000 19,000 Itemized deductions 19,000 Itemized deductions 29,000 TOTAL DEDUCTIONS $ $ STANDARD DEDUCTION Filing Status Married individuals filing joint returns and surviving spouses Heads of households Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing separate returns Additional standard deduction for the aged and the blind: Individual who is married and surviving spouses Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving 25,100 18.800 12.550 12.550 $ $ $1,350 51.700 spouse spouse Taxpayer claimed as dependent on another taxpayer's retur: Greater of (1) earned income plus $350 or (2) $1,100. These amounts are $2.700 and $3,400, respectively for a taxpayer who is both aged and blind Personal and Dependency Exemptions Suspended: In conjunction with the increased standard deduction amount, the Tax Cuts and Jobs Act reduces the personal exemption amount to $0 for tax years from 2018 through 2025, effectively suspending the exemptions for these years .. Single The tax is: 10% of taxable income. $995.00 + 12% of the excess over $9,950. . $4,664.00 + 22% of the excess over $40,525. $14.751.00 + 24% of the excess over $86,375. ... $33,603.00 +32% of the excess over $164,925. .. $47,843.00 + 35% of the excess over $209,425. $157,804,25 + 37% of the excess over $523.600. If taxable income is: Not over $9,950 Over $9,950 but not over $40,525 Over $40,525 but not over $86,375 Over $86,375 but not over $164,925 Over $164,925 but not over $209,425 Over $209,425 but not over $523,600 Over $523.600