Question
Required: Determine the amount of tax liability in each of the following instances: Use the appropriate 2020 Tax Tables (appendix d) and Tax Rate Schedules.
Required: Determine the amount of tax liability in each of the following instances: Use the appropriate 2020 Tax Tables (appendix d) and Tax Rate Schedules. 1.A married couple filing jointly with taxable income of $33,585. 2.A married couple filing jointly with taxable income of $205,775. 3.A married couple filing separately, one spouse with taxable income of $44,479 and the other with $56,821. 4.A single person with taxable income of $80,030. 5.A single person with taxable income of $317,953. 6.A head of household with taxable income of $97,186. 7.A qualifying widow with taxable income of $14,622. 8.A married couple filing jointly with taxable income of $11,819. (For all requirements, use the Tax Tables for taxpayers with taxable income under $100,000 and the Tax Rate Schedules for those with taxable income above $100,000.)
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