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please use excel formuals to calculate A B C D Sgt. Barnes is a veteran police officer filing as Head of Household. Currently, her taxable
please use excel formuals to calculate
A B C D Sgt. Barnes is a veteran police officer filing as Head of Household. Currently, her taxable income is $50,000, but has been asked to sit for the Leutenant's exam. She is excited about the opportunity as the pay raise will give her an additional $15,000 of taxable income. Sgt. Barnes would like to know what the tax implication will be with the promotion and raise. Sgt. Barnes also moonlights as a private security guard for major sporting events and is concerned the promotion and raise will have an adverse impact on her marginal tax rate. Required: 1. Complete the "The tax is:" column for each filing status table using a formula. 2. Prepare the Current Salary and Proposed Salary tax calculations using VLOOKUP formulas to the 2022 tax brackets. (HINT: Use the TRUE logical value for VLOOKUP formulas) Schedule Z - Head of HouseholdStep by Step Solution
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