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Problem 3: Calculate Tax Liability Andrew Golden works as a personal secretary for Jackson Worldwide. During 2022 he reports taxable income of $200,000 which can

Problem 3: Calculate Tax Liability

Andrew Golden works as a personal secretary for Jackson Worldwide. During 2022 he reports taxable income of $200,000 which can be broken down into the following sources:

$140,000 of wage income

$50,000 of self-employment income from his side-job as a boomer consultant.

$10,000 in long-term capital gains.

Andrew is unmarried for the entire year and maintained a household for his older nephew Godfrey who worked as a Tik-Tok influencer and qualifies as Andrews dependent.

Required: What is Andrews total income tax liability for 2022?

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