STANDARD DEDUCTION

Filing Status
Married individuals filing joint returns and surviving spouses	$24,400
Heads of households	$18,350
Unmarried individuals (other than surviving spouses and heads of households)	$12,200
Married individuals filing separate returns	$12,200
Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses	$1,300*
Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse	$1,650*
Taxpayer claimed as dependent on another taxpayers return: Greater of (1) earned income plus $350 or (2) $1,100.
* These amounts are $2,600 and $3,300, respectively, for a taxpayer who is both aged and blind.

Single

If taxable income is:

The tax is:

Not over $9,700. . . . . . . . . . . . . . . . . . . . . .

10% of taxable income.

Over $9,700 but not over $39,475. . . . . .

$970.00 + 12% of the excess over $9,700.

Over $39,475 but not over $84,200. . . . . .

$4,543.00 + 22% of the excess over $39,475.

Over $84,200 but not over $160,725. . . . .

$14,382.50 + 24% of the excess over $84,200.

Over $160,725 but not over $204,100. . . .

$32,748.50 + 32% of the excess over $160,725.

Over $204,100 but not over $510,300. . . .

$46,628.50 + 35% of the excess over $204,100.

Over $510,300. . . . . . . . . . . . . . . . . . . .

$153,798.50 + 37% of the excess over $510,300.

Marcy is a single taxpayer. Her salary is $46,000. Marcy realized a short-term capital loss of $3,000. Her itemized deductions total $2,000. (The tax year is 2019.) (Click the icon to view the standard deduction amounts.) (Click the icon to view the tax rate schedule.) Read the requirements. Requirements a. and b. Compute Marcy's adjusted gross income and her taxable income. Start by computing Marcy's adjusted gross income and then her taxable income. (Use parentheses or a minus sign to enter a loss.) 46,000 Salary Capital loss allowable Adjusted gross income Minus: Itemized deductions Taxable income Requirement c. Compute her tax liability. (Use the 2019 tax rate schedule for all tax calculations. Do not round any intermediary calculations. Round your final tax liability to the nearest whole dollar.) Choose from any list or enter any number in the input fields and then continue to the next