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Refer to the individual rate schedules in Appendix C. Required: a. What are the tax liability, the marginal tax rate, and the average tax rate

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Refer to the individual rate schedules in Appendix C. Required: a. What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $65,900 taxable income? b. What are the tax liability, the marginal tax rate, and the average tax rate for a single individual with $192,800 taxable income? c. What are the tax liability, the marginal tax rate, and the average tax rate for a head of household with $460,300 taxable income? Complete this question by entering your answers in the tabs below. What are the tax llability, the marginal tax rate, and the average tax rate for a married couple fling jointly with $65,900 taxable income? Note: Round "Average tax rate" to 2 decimal places. Jeremiah and Jonnie Chaulk are married and have three dependent children, ages 3, 6, and 9. Assume the taxable year is 2022. Required: a. Compute their child credit if AGI on their joint return is $100,300. b. Compute their chlld credit if AGl on their joint return is $474,700. c. Compute their child credit if AGI on their joint return is $188,000 and assume that they also have one non-child dependent who meets the requirements for the child credit. Complete this question by entering your answers in the tabs below. Compute their child credit if AGI on their joint return is $100,300. Avery, an unmarried taxpayer, had the following income items: Avery has a 4-year-old child who attends a day care center. Avery paid $3,990 to this center and has no itemized deductions. Required: Compute Child Credit, Dependent Credit, and Avery income tax after these two credits. Assume the taxable year is 2022. Use Individual Tax Rate Schedules and Standard Deduction Table. Note: Round your intermediate computations to the nearest whole dollar amount. Lara, a single individual, has $214,000 taxable income. Assume the taxable year is 2022 . Use individual Tax Rate Schedules, Required: Compute income tax assuming that: a. Taxable income includes no capital gain. b. Taxable income includes $21,000 capital gain eligible for the 15 percent preferential rate. Note: For all requirements, round your intermediate calculations and final answers to the nearest whole dollar amount. Chandler and Cassidy are married and file a joint return. Chandler is age 66. and Cassidy is age 68. They report the following income ltems: Their itemized deductions totaled $7,590, and they have no dependents. Required: Compute their income tax on a joint return. Assume the taxable year is 2022 Use Individual aax Rate Schedules and Standard Deduction Table. Note: Round your intermediate caiculations and final answers to the nearest whole dollar amount. Alex and Addison are married and have the following income items: Addison's self-employment tax was $6,344. Addison's Schedule C net business profit is qualified business income (non-service). The couple have $8,270 itemized deductions and no children or other dependents Required: Compute their income tax on a joint return. Assume the taxable year is 2022. Use lndividual Tax Rate Schedules and Standard Dectuction Table. Note: Round your intermediate calculations and final answers to the nearest whole dollar amount

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