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Mr. Rogers, an unmarried individual, had the following income items: Salary $ 512,100 Interest income 19,700 Dividend eligible for 20% rate 31,000 Mr. Rogers had
Mr. Rogers, an unmarried individual, had the following income items:
Salary | $ 512,100 |
---|---|
Interest income | 19,700 |
Dividend eligible for 20% rate | 31,000 |
Mr. Rogers had $34,000 itemized deductions and four dependent children (ages 5 through 15).
Required: Compute his income tax (before credits). Assume the taxable year is 2021. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate calculations and final answers to the nearest whole dollar amount.)
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