Required Determine the tax liability for tax year 2020 in each of the following instances In each case, assume the taxpayer can take only the standard deduction Use the appropriate Tax Tables and Tax Rate Schedules A single taxpayer, not head of household, with AGI of $24,693 and one dependent A single taxpayer, not head of household, with AGI of $187,807 and no dependents (Round your intermediate computations to 2 decimal places and final answer to the nearest dollar amount ) A married couple filing jointly with AGI of $41,145 and two dependents A married couple filing jointly with AGI of $163,488 and three dependents (Round your intermediate computations to 2 decimal places and final answer to the nearest dollar amount ) A married couple filing jointly with AGI of $312,975 and one dependent (Round your intermediate computations to 2 decimal places and final answer to the nearest dollar amount ) A taxpayer filing married filing separately with AGI of $70,196 and one dependent A qualifying widow, age 66, with AGI of $50,440 and one dependent A head of household with AGI of $16,684 and two dependents A head of household with AGI of $60,426 and one dependent (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 )

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

Required: Determine the tax liability for tax year 2020 in each of the following instances. In each case, assume the taxpayer can take only the

Required:

Determine the tax liability for tax year 2020 in each of the following instances. In each case, assume the taxpayer can take only the standard deduction. Use the appropriate Tax Tables and Tax Rate Schedules.

A single taxpayer, not head of household, with AGI of $24,693 and one dependent.
A single taxpayer, not head of household, with AGI of $187,807 and no dependents. (Round your intermediate computations to 2 decimal places and final answer to the nearest dollar amount.)
A married couple filing jointly with AGI of $41,145 and two dependents.
A married couple filing jointly with AGI of $163,488 and three dependents. (Round your intermediate computations to 2 decimal places and final answer to the nearest dollar amount.)
A married couple filing jointly with AGI of $312,975 and one dependent. (Round your intermediate computations to 2 decimal places and final answer to the nearest dollar amount.)
A taxpayer filing married filing separately with AGI of $70,196 and one dependent.
A qualifying widow, age 66, with AGI of $50,440 and one dependent.
A head of household with AGI of $16,684 and two dependents.
A head of household with AGI of $60,426 and one dependent.

(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.)