Problem 1-8

The Tax Formula for Individuals, Filing Status and Tax Computation, Personal and Dependency Exemptions (LO 1.3, 1.5, 1.7)

Jonathan is a 35-year-old single taxpayer with adjusted gross income in 2019 of $46,300. He uses the standard deduction and has no dependents.

Table for the standard deductionFiling StatusStandard DeductionSingle$ 12,200Married, filing jointly24,400Married, filing separately12,200Head of household18,350Qualifying widow(er)24,400

Click here to access thetax tables.

a.Calculate Jonathan's taxable income.

$

b.When you calculate Jonathan's tax liability are you required to use the tax tables or the tax rate schedule?

c.What is Jonathan's tax liability?

$