Problem 1-49 (LO 1-4)

Use the belowTax Rate Schedules to determine the tax liability for each of the following cases. (Round your intermediate computations and final answers to 2 decimal places.)

Single taxpayer, taxable income of $29,464.

Single taxpayer, taxable income of $76,792.

Married taxpayers, who file a joint return, have taxable income of $76,792.

Married taxpayers, who file a joint return, have taxable income of $97,137.

Married taxpayers, who file a joint return, have taxable income of $29,464.

Single taxpayer, taxable income of $97,137.

Tax Table

Schedule X-Single
If taxable income is over:	But not over:	The tax is:
$0	$9,275	10% of taxable income
$9,275	$37,650	$927.50 plus 15% of the excess over $9,275
$37,650	$91,150	$5,183.75 plus 25% of the excess over $37,650
$91,150	$190,150	$18,558.75 plus 28% of the excess over $91,150
$190,150	$413,350	$46,278.75 plus 33% of the excess over $190,150
$413,350	$415,050	$119,934.75 plus 35% of the excess over $413,350
$415,050		$120.529.75 plus 39.6% of the excess over $415,050

Schedule Y-1-Married Filing Jointly of Qualifying Widow(er)
If taxable income is over:	But not over:	The tax is:
$0	$18,550	10% of taxable income
$18,550	$75,300	$1,855.00 plus 15% of the excess over $18,550
$75,300	$151,900	$10.367.50 plus 25% of the excess over $75,300
$151,900	$231,450	$29,517.50 plus 28% of the excess over $151,900
$231,450	$413,350	$51,791.50 plus 33% of the excess over $231,450
$413,350	$466,950	$111,818.50 plus 35% of the excess over $413,350
$466,950		$130,578.50 plus 39.6% of the excess over $466,950