Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

thank you for helping Brittani is married but filing taxes separately. If she has a taxable income of $56,000, then use the 2016 marginal tax

image text in transcribed

thank you for helping

Brittani is married but filing taxes separately. If she has a taxable income of $56,000, then use the 2016 marginal tax rate table to compute her tax owed. Please round to the nearest cent. Answer: Brittani owes $ in taxes. Table: TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Unmarried, Married and each divorced, or partner filer legally separated separate tax return Married and both partner file single for return Unmarried and paying more than half the cost of supporting child or parent Tax Rate Married Filing Separately 10% up to $9275 15% 25% Single up to $9275 $9276 to $37,650 $37,651 to $91,150 $91,151 to $190,150 $190,151 to $413,350 $413,351 to $415,050 more than $415.050 Married Head of Filing Jointly Household up to $18.550 up to $13,250 $18,551 to $75,300 $13,251 to $50,400 $75,301 to $151,900 $50,401 to $130,150 $151,901 to $231,450 $130,151 to $210,800 $231,451 to $413,350 $210,801 to $413,350 $413,351 to $466,950 $413,351 to $441,000 more than $466,950 more than $441,000 28% $9276 to $37,650 $37,651 to $75,950 $75.951 to $115.725 $115,726 to $206,675 $206,676 to $233,475 more than $233,475 33% 35% 39.6% Standard Deduction Exemptions (per person) $6300 $6300 $12,600 $9300 $4050 $4050 $4050 $4050

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Corporate Reporting Global And Diverse

Authors: Pauline Weetman, Ioannis Tsalavoutas, Paul Gordon

5th Edition

1138364991, 9781138364998

More Books

Students also viewed these Accounting questions

Question

Give an example of the type of distribution. J-shaped

Answered: 1 week ago

Question

Define an unfair labor practice and provide three or four examples.

Answered: 1 week ago