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Use the 2016 marginal tax rates to compute the income tax owed by the following person. Single male, no dependents. Gross income:$99,000 Adjustments:$4000 Deductions:$26,000 mortgage

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Use the 2016 marginal tax rates to compute the income tax owed by the following person. Single male, no dependents. Gross income:$99,000 Adjustments:$4000 Deductions:$26,000 mortgage interest $4050 property taxes $2000 charitable contributions Tax credit:none Click the icon to view the 2016 marginal tax rates. The income tax owed is $0. (Type an integer or a decimal. Round to the nearest cent as needed.) Use the 2016 marginal tax rates to compute the income tax owed by the following person. Unmarried head of household with two dependent children. Gross income: $49,000 Adjustments: none Deductions: $3089 state taxes $3000 theft loss Tax credit: $2000 iClick the icon to view the 2016 marginal tax rates. The income tax owed is $ (Type an integer or a decimal. Round to the nearest cent as needed.) Tax Rate 10% 15% 25% 28% 33% 35% 39.6% 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Unmarried, divorced, Married and each partner Married and both Unmarried and paying or legally separated files a separate tax return partners file a single more than half the cost tax return of supporting a child or parent Single Married Filing Separately Married Filing Jointly Head of Household up to $9275 up to $9275 up to $18,550 up to $13,250 $9276 to $37,650 $9276 to $37,650 $18,551 to $75,300 $13,251 to $50,400 $37,651 to $91,150 $37,651 to $75,950 $75,301 to $151,900 $50,401 to $130,150 $91,151 to $190,150 $75,951 to $115,725 $151,901 to $231,450 $130,151 to $210,800 $190,151 to $413,350 $115,726 to $206,675 $231,451 to $413,350 $210,801 to $413,350 $413,351 to $415,050 $206,676 to $233,475 $413,351 to $466,950 $413,351 to $441,000 more than $415,050 more than $233,475 more than $466,950 more than $441,000 $6300 $6300 $12,600 $9300 Standard Deduction $4050 $4050 $4050 $4050 Exemptions (per person) Print Done Use the 2016 FICA tax rates, shown below, to answer the following question. If a taxpayer is not self-employed and earns $126,000, what are the taxpayer's FICA taxes? Employee's Rates 7.65% on first $118,500 of income Matching Rates Paid by the Employer 7.65% on first $118,500 paid Self-Employed Rates 15.3% on first $118,500 of net profits in wages 1.45% of income in excess of $118,500 1.45% of wages paid in excess of $118,500 2.9% of net profits in excess of $118,500 FICA taxes are $0. (Type an integer or a decimal. Round to the nearest cent as needed.) Use the 2016 marginal tax rates to compute the income tax owed by the following person. Single male, no dependents. Gross income:$99,000 Adjustments:$4000 Deductions:$26,000 mortgage interest $4050 property taxes $2000 charitable contributions Tax credit:none Click the icon to view the 2016 marginal tax rates. The income tax owed is $0. (Type an integer or a decimal. Round to the nearest cent as needed.) Use the 2016 marginal tax rates to compute the income tax owed by the following person. Unmarried head of household with two dependent children. Gross income: $49,000 Adjustments: none Deductions: $3089 state taxes $3000 theft loss Tax credit: $2000 iClick the icon to view the 2016 marginal tax rates. The income tax owed is $ (Type an integer or a decimal. Round to the nearest cent as needed.) Tax Rate 10% 15% 25% 28% 33% 35% 39.6% 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Unmarried, divorced, Married and each partner Married and both Unmarried and paying or legally separated files a separate tax return partners file a single more than half the cost tax return of supporting a child or parent Single Married Filing Separately Married Filing Jointly Head of Household up to $9275 up to $9275 up to $18,550 up to $13,250 $9276 to $37,650 $9276 to $37,650 $18,551 to $75,300 $13,251 to $50,400 $37,651 to $91,150 $37,651 to $75,950 $75,301 to $151,900 $50,401 to $130,150 $91,151 to $190,150 $75,951 to $115,725 $151,901 to $231,450 $130,151 to $210,800 $190,151 to $413,350 $115,726 to $206,675 $231,451 to $413,350 $210,801 to $413,350 $413,351 to $415,050 $206,676 to $233,475 $413,351 to $466,950 $413,351 to $441,000 more than $415,050 more than $233,475 more than $466,950 more than $441,000 $6300 $6300 $12,600 $9300 Standard Deduction $4050 $4050 $4050 $4050 Exemptions (per person) Print Done Use the 2016 FICA tax rates, shown below, to answer the following question. If a taxpayer is not self-employed and earns $126,000, what are the taxpayer's FICA taxes? Employee's Rates 7.65% on first $118,500 of income Matching Rates Paid by the Employer 7.65% on first $118,500 paid Self-Employed Rates 15.3% on first $118,500 of net profits in wages 1.45% of income in excess of $118,500 1.45% of wages paid in excess of $118,500 2.9% of net profits in excess of $118,500 FICA taxes are $0. (Type an integer or a decimal. Round to the nearest cent as needed.)

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