Standard deduction is 12,200

1. John Boy's expected pre-tax bonus is $20,000. He earns a base salary of $35,000 and files as a single taxpayer with no itemized deductions. (Use the 2019 standard deduction to figure his taxable income and the 2019 single tax rate schedule to figure his tax.) What is John's expected ATCF from the bonus? a. $15,600 c. $17,600 b. $17,300 d. $25,600 Single If taxable income is: Not over $9.700 Over $9.700 but not over $39,475 Over $39,475 but not over 584 200 Over $84.200 but not over $160.725 Over $160,725 but not over $204.100 Over $204,100 but not over $510 300 Over $510.300 The tax is: 10% of taxable income $970 + 12 of excess over $9.700 $4,543 22% of excess over $39.475 $14.3825 +245 of excess over $84.200 532748,5 325 or excess over $160,725 $448.5 + 358 of excess over $204 100 S853.798 5+ 32o cess over 510.300