Question
Rates for a head-of-household taxpayer are 10% of taxable income up to $12,750 and 15% thereafter up to $48,600. Jay Jasper, head of household, earned
Rates for a head-of-household taxpayer are 10% of taxable income up to $12,750 and 15% thereafter up to $48,600. Jay Jasper, head of household, earned $34,000. He took the standard deduction of $8,950 for a head of household and exemptions of $3,900 each for himself and his two children.
Compute the amount of income tax before credits.
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Income Tax Fundamentals 2015
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
33rd Edition
9781305177772, 128543952X, 1305177770, 978-1285439525
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