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math141 Tax Rate 10% 15% Use the marginal tax rates in the table to the right to calculate the income tax owed by the following
math141
Tax Rate 10% 15% Use the marginal tax rates in the table to the right to calculate the income tax owed by the following person Unmarried head of household with two dependent children Gross income: $56,000 Adjustments: none Deductions: $3761 state taxes $1000 theft loss Tax credit: $4000 25% Unmarried Head of Single Household up to $8025 up to $11.450 $8026 to 532,550 $ 11,451 to $43,650 $43,651 to $32,551 to $78,850 $112,650 $78,851 to $112,651 to $164550 $182 400 $164.551 to $182,401 to $357700 $357,700 more than $357 700 more than $357,700 55450 $8000 28% 33% 35% Standard Deduction n -n The income tax owed is s (Round to two decimal places as necessary.) Step by Step Solution
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