Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please use 2022 tax tables and tax rate schedules Determine the average tax rate and the marginal tax rate for each of the following instances:

please use 2022 tax tables and tax rate schedules image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Determine the average tax rate and the marginal tax rate for each of the following instances: Use the Tox Tables for taxpayers with taxable income under $100,000 and the Tax Rate Schedules for those with taxable income above $100,000. Required: a. A married couple filing jointly with taxable income of $34,091. b. A married couple filing jointly with taxable income of $208,779. c. A married couple filing separately, one spouse with taxable income of $44,985 and the other with $57,318. d. A single person with taxable income of $80,536. e. A single person with taxable income of $322,435. f. A head of household with taxable income of $97,692. g. A qualifying widow with taxable income of $15,119. h. A married couple filing jointly with taxable income of $12,316. Complete this question by entering your answers in the tabs below. a. A married couple filing jointly with taxable income of $34,091. Note: Round "Average tax rate" to 1 decimal place. b. A married couple filing jointly with taxable income of $208,779. Note: Do not round your intermediate calculations. Round "Average tax rate" to 1 decimal place. Complete this question by entering your answers in the tabs below. a. A married couple filing jointly with taxable income of $34,091. Note: Round "Average tax rate" to 1 decimal place. b. A married couple filing jointly with taxable income of $208,779. Note: Do not round your intermediate calculations. Round "Average tax rate" to 1 decimal place. Complete this question by entering your answers in the tabs below. A married couple filing separately, one spouse with taxable income of $44,985 and the other with $57,318. Note: Round "Average tax rate" to 1 decimal place. Complete this question by entering your answers in the tabs below. d. A single person with taxable income of $80,536. e. A single person with taxable income of $322,435. Note: Do not round your intermediate calculations. f. A head of household with taxable income of $97,692. 9. A qualifying widow with taxable income of $15,119. h. A married couple filing jointly with taxable income of $12,316. Note: For all requirements, round "Average tax rate" to 1 decimal place. Determine the average tax rate and the marginal tax rate for each of the following instances: Use the Tox Tables for taxpayers with taxable income under $100,000 and the Tax Rate Schedules for those with taxable income above $100,000. Required: a. A married couple filing jointly with taxable income of $34,091. b. A married couple filing jointly with taxable income of $208,779. c. A married couple filing separately, one spouse with taxable income of $44,985 and the other with $57,318. d. A single person with taxable income of $80,536. e. A single person with taxable income of $322,435. f. A head of household with taxable income of $97,692. g. A qualifying widow with taxable income of $15,119. h. A married couple filing jointly with taxable income of $12,316. Complete this question by entering your answers in the tabs below. a. A married couple filing jointly with taxable income of $34,091. Note: Round "Average tax rate" to 1 decimal place. b. A married couple filing jointly with taxable income of $208,779. Note: Do not round your intermediate calculations. Round "Average tax rate" to 1 decimal place. Complete this question by entering your answers in the tabs below. a. A married couple filing jointly with taxable income of $34,091. Note: Round "Average tax rate" to 1 decimal place. b. A married couple filing jointly with taxable income of $208,779. Note: Do not round your intermediate calculations. Round "Average tax rate" to 1 decimal place. Complete this question by entering your answers in the tabs below. A married couple filing separately, one spouse with taxable income of $44,985 and the other with $57,318. Note: Round "Average tax rate" to 1 decimal place. Complete this question by entering your answers in the tabs below. d. A single person with taxable income of $80,536. e. A single person with taxable income of $322,435. Note: Do not round your intermediate calculations. f. A head of household with taxable income of $97,692. 9. A qualifying widow with taxable income of $15,119. h. A married couple filing jointly with taxable income of $12,316. Note: For all requirements, round "Average tax rate" to 1 decimal place

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions