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Please show your work as well, thank you! C. X Aspra is single. His 20-year-old son, Calvin, lives with him throughout the year. Calvin pays
Please show your work as well, thank you!
C. X Aspra is single. His 20-year-old son, Calvin, lives with him throughout the year. Calvin pays for less than one-half of his support and his earned income for the year is $2,850. Aspra pays all costs of maintaining the household. His taxable income is $63,800. Aspra's withholdings total $8,600. Table B-1 Single Taxpayers The Tax Is If Taxable income Is Over $ 0 9,875 40,125 85,525 163,300 207,350 518,400 But Not Over 9,875 40,125 85,525 163,300 207,350 518,400 10% $ 987.50 + 12% 4,617.50 + 22% 14,605.50 +24% 33,271.50 + 32% 47,367.50 + 35% 156,235.00 + 37% of the Amount Over $ 0 9,875 40,125 85,525 163,300 207,350 518,400 Table B-2 Married Taxpayers Filing Jointly and Surviving Spouse But Not of the Amount Over Over If Taxable income Is Over $ 0 19,750 80,250 171,050 326,600 414,700 622,050 19,750 80,250 171,050 326,600 414,700 622,050 The Tax Is 10% $ 1,975.00 + 12% 9,235.00 + 22% 29,211.00 + 24% 66,543.00 + 32% 94,735.00 + 35% 167,307.50 + 37% $ 0 19,750 80,250 171,050 326,600 414,700 622,050 Table B-3 Head of Household if Taxable income Is Over $ 0 14,100 53,700 85,500 163,300 207,350 518,400 But Not Over 14,100 53,700 85,500 163,300 207,350 518,400 The Tax Is 10% $ 1,410.00 + 12% 6,162.00 + 22% 13,158.00 + 24% 31,830.00 + 32% 45,926.00 + 35% 154,793.50 +37% of the Amount Over $ 0 14,100 53,700 85,500 163,300 207,350 518,400Step by Step Solution
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