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Linette, a single taxpayer, had the following income and deductions for the tax year 2019: |(Click the icon to view the income and deductions.) 3
Linette, a single taxpayer, had the following income and deductions for the tax year 2019: |(Click the icon to view the income and deductions.) 3 (Click the icon to view the standard Lau i X Reference - Read the requirements. Viinus: EXClusions, as provided in the tax law Tax-exempt interest income (4,000) 125,000 Single Gross income If taxable income is: The tax is: Minus: Deductions for Adjusted gross income Not over $9,700 10% of taxable income. (11,000) Business expenses $970.00 + 12% of the excess over $9,700. Adjusted gross income (AGI) 114,000 Minus: Deductions from AGI: Over $9,700 but not over $39,475 Over $39,475 but not over $84,200 Over $84,200 but not over $160,725 Over $160,725 but not over $204,100 Over $204,100 but not over $510,300 $4,543.00 + 22% of the excess over $39,475. . $14,382.50 + 24% of the excess over $84,200. Itemized deductions (19,000) . $32,748.50 + 32% of the excess over $160,725. Taxable income 95,000 $46,628.50 + 35% of the excess over $204,100. $153,798.50 + 37% of the excess over $510,300. Over $510,300 Tax ? Print Done Choose from any list or enter any number in the input fields and then click Check Answel
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