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Maggie is filing taxes as a single filer with no kids. Her gross yearly income is $52,793, and her tax deductible purchases are: Charitable
Maggie is filing taxes as a single filer with no kids. Her gross yearly income is $52,793, and her tax deductible purchases are: Charitable contributions: $4,033 Mortgage interest: $4,293 Educational Expenses: $3,342 Compute her final income tax using the following information: 2021 Individual Taxpayers If Taxable Income is Between: $0-$9,950 $9,951 - $40,525 $40,526-$86,375 $86.376-$164,925 $164,926-$209,425 $209,426-$523,600 $523,601 or more Round your answer to the nearest dollar. The Tax Due is: 10% of taxable income $995 plus 12% of the amount over $9,950 $4,664 plus 22% of the amount over $40,525 $14,751 plus 24% of the amount over $86,375 $33,603 plus 32% of the amount over $164,925 $47,843 plus 35% of the amount over $209,425 $157,804.25 plus 37% of the amount over $523,600 Recall the standard deduction for single filers: $12,550
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