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Mr. Rogers, an unmarried individual, had the following income items: Salary Interest income Dividend eligible for 20% rate $ 521, 100 25, 100 49,000 Mr.
Mr. Rogers, an unmarried individual, had the following income items: Salary Interest income Dividend eligible for 20% rate $ 521, 100 25, 100 49,000 Mr. Rogers had $35,800 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.) X Answer is complete but not entirely correct. AGI Amount $ 595,200 $ 559,400 $ 169,601 X Taxable income Income tax Married filing jointly and surviving spouses Married filing separately Head of household Single $25,100 12,550 18,800 12,550 Head of Household The tax is 10% of taxable income $1,420.00 + 12% of excess over $14,200 $6,220.00 + 22% of excess over $54,200 $13,293.00 + 24% of excess over $86,350 If taxable income is Not over $14,200 Over $14,200 but not over $54,200 Over $54,200 but not over $86,350 Over $86,350 but not over $164,900 Over $164,900 but not over $209,400 Over $209,400 but not over $523,600 Over $523,600 $32,145.00 + 32% of excess over $164,900 $46,385.00 + 35% of excess over $209,400 $156,355.00 + 37% of excess over $523,600
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