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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: $81,000 Adjustments: $3,000
Use the 2016 marginal tax rates to compute the income tax owed by the following person.
Single male, no dependents.
Gross income: $81,000
Adjustments: $3,000
Exemptions: 4,050
Deductions:
$27,000 - Mortgage interest
$4,087 - Property taxes
$3,000 - Charitable Contributions
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 person)
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