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USA ACT 1 Alioune, who is single, has taxable income of $100,000. $10,000 tax was withheld from his salary and he made no estimated tax
USA ACT
1 Alioune, who is single, has taxable income of $100,000. $10,000 tax was withheld from his salary and he made no estimated tax payments. How much tax does Alioune have to pay to the IRS/U.S. Treasury? Use the applicable tax schedule (not tax table) to compute; the line on the tax schedule for his taxable income group and filing status is: $14,751.00, plus 24% of the excess of taxable income over $86,375Step by Step Solution
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