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Mrs. Cora Yank (age 42) is divorced and has full custody of her 10-year-old son, William Mrs. Yank works as a medical technician in a

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Mrs. Cora Yank (age 42) is divorced and has full custody of her 10-year-old son, William Mrs. Yank works as a medical technician in a Chicago hospital. Her salary was $38,400, from which her employer withheld $1,045 federal income tax and $2.938 employee FICA tax. . Several years ago. Mrs. Yank was seriously injured in a traffic accident caused by another driver's negligence. This year, she received a $25,000 settlement from the driver's insurance company $20,000 as compensation for her physical injuries and $5,000 for lost wages during her convalescent period. Because she was unable to work for the first seven weeks of the year, she collected $1,400 unemployment compensation from the state of Illinois Mrs. Yank earned 5629 interest on a savings account . She contributed $800 to a traditional IRA. She is not an active participant in any other qualified retirement plan Mrs. Yank paid $10,800 rent on the apartment in which she and William live. She received $1,600 alimony and $2,350 child support from her former husband under a divorce agreement executed in 2013 Mrs. Yank is covered under her employer's medical reimbursement plan However this year's medical bills exceeded her reimbursement limit by S1630. Mrs. Yank paid 51,062 income tax to linois Mrs. Yank spent $470 on hospital shoes and uniforms. Her employer didn't reimburse her for this expense. Mrs. Yank paid $1,300 for after school child care for William Required: From the above information, compute Mrs. Yank's 2021 federal income tax including any AMT) and the amount due with her Form 1040 or the refund she should receive Assume the tax year is 2021. Use individual tax rate schedules and Standard deduction table (Round all your intermediate calculations and final answers to the nearest whole dollar amount. Leave no cells blank be sure to enter "O" wherever required.) Required: From the above information, compute Mrs. Yank's 2021 federal income tax (including any AMT) and the amount due with her Form 1040 or the refund she should receive. Assume the tax year is 2021. Use Individual tax rate schedules and Standard deduction table (Round all your intermediate calculations and final answers to the nearest whole dollar amount. Leave no cells blank - be sure to enter "0" wherever required.) Amount Adjusted gross income (AGI) Taxable income Mrs. Yank's regular income tax AMT Mrs. Yank's total tax liability Including AMT) led Filing Jointly and Surviving Spouse IDEA If taxable income is Not over $19.900 Over $19,900 but not over $81,050 Over $81,050 but not over $172,750 Over $172,750 but not over $329,850 Over $329,850 but not over $418,850 Over $418,850 but not over $628,300 Over $628,300 The tax is 10% of taxable income $1,990.00 + 12% of excess over $19,900 $9,328.00 +22% of excess over $81,050 $29,502.00 + 24% of excess over $172,750 $67,206.00+ 32% of excess over $329,850 $95,686,00 + 35% of excess over $418,850 $168,993,50 + 37% of excess over $628,300 Married Filing Separately If taxable income is Not over $9.950 Over $9.950 but not over $40.525 Over $40,525 but not over $86,375 Over $86,375 but not over $164.925 Over $164.925 but not over $209,425 Over $209,425 but not over $314,150 Over $314, 150 The tax is 10% of taxable income $995.00 + 12% of excess over $9.950 $4,664.00 +22% of excess over $40,525 $14,751.00 +24% of excess over $86,375 $33,603.00 +32% of excess over $164,925 $47.843.00 -35% of excess over $209,425 $84.496,75 + 37% of excess over $314.150 Head of Household If taxable income is Not over $14,200 Over $14,200 but not over S54,200 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 S523 600 Over $ 23,600 The tax is 1093 of taxable income S. 20.00.128 of excess over $14,200 $622000 22% of excess over $54,200 $13,293.00 24% of excess over $86,350 SE21145001329 of excess over $164.900 546385.00 35% Fexcess over $209 400 $156,35 37% of excess over $323.600 Head of Household 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 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 $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 Single If taxable income is Not over $9.950 Over $9.950 but not over $40.525 Over $40,525 but not over $86,375 Over $86,375 but not over $164.925 Over $164.925 but not over S209.450 Over $209,450 but not over S523 600 Over $523 600 The tax is 10% of taxable income $995100412% of excess over $9.950 $4,664.00-22% of excess over $40,525 $1475100+ 24% of excess over $86,375 15331.603100 32% of excess over $164.925 $422843.00 435% of excess over $209,425 5157 80425-37% of excess over $523,600

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