USING 2019-2020 TAX CHART FOR THE UNITED STATES

Required:

Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. Use the appropriate Tax Tables and Tax Rate Schedules.

1. Married taxpayers, who file a joint return, have taxable income of $25,493.
2. Married taxpayers, who file a joint return, have taxable income of $47,046.

(For all requirements, use the tax tables to compute tax liability. Round "Average tax rate" to 2 decimal places.)

Required:

Sheniqua, a single taxpayer, had taxable income of $76,387. Her employer withheld $12,336 in federal income tax from her paychecks throughout the year. What is the amount of refund would Sheniqua receive or additional tax she would pay? (Input your answer as a positive number.) Use the appropriate Tax Tables.

Xavier and his wife Maria have total W-2 income of $71,520. They will file their tax return as married filing jointly. They had a total of $5,753 withheld from their paychecks for federal income tax.

Required:

Determine the amount of refund or additional tax due upon filing their tax return. (Input your answer as a positive number.) Use the appropriate Tax Tables.