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ONLY WANT THE INCOME TAX Mr. Rogers, an unmarried individual, had the following income items: Salary Interest income Dividend eligible for 20% rate $ 522,100

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ONLY WANT THE INCOME TAX

Mr. Rogers, an unmarried individual, had the following income items: Salary Interest income Dividend eligible for 20% rate $ 522,100 25,700 51,000 Mr. Rogers had $36,000 itemized deductions and four dependent children (ages 5 through 15). Required: Compute his income tax (before credits). Assume the taxable year is 2020. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) AGI Amount $ 598,800 $ 562,800 Taxable income Income tax Married Filing Jointly and Surviving Spouse If taxable income is: The tax is: Not over $19.750 10% of taxable income Over $19,750 but not over $80,250 $1,975 + 12% of excess over $19.750 Over $80,250 but not over $171,050 $9,235 + 22% of excess over $80,250 Over $171,050 but not over $326,600 $29.211 + 24% of excess over $171.050 Over $326,600 but not over $414,700 $66,543 + 32% of excess over $326,600 Over $414,700 but not over $622,050 $94.735 + 35% of excess over $414,700 Over $622,050 $167,307.50 + 37% of excess over $622,050 Idrill Married filing jointly and surviving spouses Married filing separately Head of household Single $24,800 12,400 18,650 12,400 Single If taxable income is: Not over $9,875 Over $9,875 but not over $40,125 Over $40,125 but not over $85.525 Over $85,525 but not over $163,300 Over $163,300 but not over $207,350 Over $207,350 but not over $518,400 Over $518,400 The tax is: 10% of taxable income $987.50 +12% of excess over $9.875 $4.617.50 + 22% of excess over $40,125 $14,605.50 + 24% of excess over $85,525 $33.271.50 + 32% of excess over $163,300 $47.367.50 + 35% of excess over $207,350 $156,235 + 37% of excess over 518,400

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