Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer.

Name	Filing Status	Taxable Income	Tax Liability
JAX	head of household	$165,300	$____________

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Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer.

Name	Filing Status	Taxable Income	Tax Liability
Smith	single	$66,200	$_____________

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As a newly hired IRS trainee, you have been asked to calculate the amount of tax refund or tax owed for the taxpayer (in $). (Enter a positive value for the amount.)

Name	Tax Liability	Tax Credits	Other Taxes	Payments	Refund/Owe (Select one)	Amount
Beth	$6,898	$1,321	$775	$7,700	(OWED, NOT OWED) $_____

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Calculate the amount of corporate income tax due and the net income after taxes (in $) for the corporation. (Assume the corporate tax rate is 21%.)

Name	Taxable Income	Tax Liability	Net Income after Taxes
Corporation 1	$256,100	$ _______	$________

$

Taxable income Tax At least $0 but not over $9,52510% of the amount over $0 Over $9,525 but not over $38,700$952.50+12% of the amount over $9,525 Over $38,700 but not over $82,500$4,453.50+22% of the amount over $38,700 Over $82,500 but not over $157,500$14,089.50+24% of the amount over $82,500 Over $157,500 but not over $200,000$32,089.50+32% of the amount over $157,500 Over $200,000 but not over $500,000$45,689.50+35% of the amount over $200,000 Over $500,000 $150,689.50+37% of the amount over $500,000 Filing status: Married filing jointly or Qualifying widow(er) Taxable income Tax At least $0 but not over $19,05010% of the amount over $0 Over $19,050 but not over $77,400$1,905+12% of the amount over $19,050 Over $77,400 but not over $165,000$8,907+22% of the amount over $77,400 Over $165,000 but not over $315,000$28,179+24% of the amount over $165,000 Over $315,000 but not over $400,00$64,179+32% of the amount over $315,000 Over $400,00 but not over $600,000$91,379+35% of the amount over $400,000 Over $600,000 $161,379+37% of the amount over $600,000 Filing status: Married filing separately Taxable income Tax At least $0 but not over $9,52510% of the amount over $0 Over $9,525 but not over $38,700$952.50+12% of the amount over $9,525 Over $38,700 but not over $82,500$4,453.50+22% of the amount over $38,700 Over $82,500 but not over $157,500$14,089.50+24% of the amount over $82,500 Over $157,500 but not over $200,000$32,089.50+32% of the amount over $157,500 Over $200,000 but not over $300,000$45,689.50+35% of the amount over $200,000 Over $300,000 $80,689.50+37% of the amount over $300,000 Filing status: Head of household Taxable income Tax At least $0 but not over $13,60010% of the amount over $0 Over $13,600 but not over $51,800$1,360+12% of the amount over $13,600 Over $51,800 but not over $82,500$5,944+22% of the amount over $51,800 Over $82,500 but not over $157,500$12,698+24% of the amount over $82,500 Over $157,500 but not over $200,000$30,698+32% of the amount over $157,500 Over $200,000 but not over $500,000$44,298+35% of the amount over $200,000 Over $500,000 $149,298+37% of the amount over $500,000