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the table 4) I am including the table for the 2020 tax season as well. What would the return amount (part d) for problems 2,

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4) I am including the table for the 2020 tax season as well. What would the return amount (part d) for problems 2, and 3 be based on the new information? TAX YEAR 2020 FEDERAL INCOME TAX BRACKETS Single Filers Married Filing Jointly Tax Rate $0-$9,700 $0 - $19,400 10% $9,701 - $39,475 $19,401 - $78,950 12% $39476 - $84,200 $78,951 - $168,400 22% $84,201 - $160,725 $168,401 - $321,450 24% $160,726 - $204,100 $321,451 - $408,200 32% $ 204,101 - $510,300 $408,201 - $612,350 35% $510,301+ $612,351+ 37% $12,400 $24,800 $12,400 Standard Deduction $24,800 $0 $0 Exemption (per person) Table 4.9 2017 Marginal Tax Rates, Stndard Deductions, and Exemptions Tax Rate Single Married Fling Jointly Married Filing Separately Head of Household 10% up to $9325 up to $18,650 up to $9325 up to $13.350 1594 up to $37,950 up to $75,000 up to $37.950 up to $50.800 25% up to $91,900 up to $153,100 up to $76,550 up to $131,200 28 up to $191,650 up to $233,350 up to $110,675 up to $212,500 up to $416.700 up to $416,700 up to $200,350 up to $416,700 35% up to $418.400 up to $470.700 up to $235.350 up to $444,550 39.6% above $418,400 above $470,700 above $236,860 above $444,560 Standard deduction $6350 $12,700 $6350 $9350 Exemption per person) $4050 $4050 $4050 $4050 2) It is time to do your taxes, so you gather all the information that might be useful and you summarize it as follows: Filing status: Single Dependents: Yourself Adjustments : $2,400 Tax credits : $1,000 Itemized deduction amount: $9,000 Gross income : $110,000 Amount withheld: $25,000 Based on this information on page 264 (table), what is your: a) adjusted gross income? b) total taxable income? 30 DU DD FE F7 F3 F S % & c) total tax from table? d) return amount / owed amount? (Please circle one and indicate its amount) 1

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