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Mr. RG, an unmarried individual, had the following income items. Salary $ 512,100 Interest income 19,700 Dividend eligible for 20% rate 31,000 He had $34,000

Mr. RG, an unmarried individual, had the following income items.

Salary $ 512,100
Interest income 19,700
Dividend eligible for 20% rate 31,000

He had $34,000 itemized deductions (none of which were medical expense, investment interest expense, or casualty, theft, or gambling loss) and four dependent children (ages 5 through 15) plus two dependent parents who live in his home. Compute Mr. RGs income tax.

Individual Tax Rate:

http://ezto-demo-cf-media.mheducation.com/Media/Demo/bne/accounting/jones_19e/Individual%20tax%20rate.png

Standard Deduction Table:

http://ezto-demo-cf-media.mheducation.com/Media/Demo/bne/accounting/jones_19e/standard%20deduction%20table.png

AGI - ? Taxable Income - ? Income Tax

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