Question
Using the table below: 1. How much taxes do I owe? I am single my gross and taxable income is $50,000 I am taking no
Using the table below:
1. How much taxes do I owe? I am single my gross and taxable income is $50,000 I am taking no deduction.
Use the following tax tables for each of the questions. Calculate federal Taxes owed, assume no state income tax. Filing Single Tax Table Min Max 10% 1 $ 11,000 12% $ 11,001 $ 44,725 22% $ 44,726 $ 95,375 24% $ 95,376 $ 182,100 32% $ 182,101 $ 231,250 35% $ 231,251 $ 578,125 37% $ 578,126 Married filed Joint tax table Min Max 10% $ 1 $ 22,000 12% $ 22,001 $ 89,450 22% $ 89,451 $ 190,750 24% $ 190,751 $ 364,200 32% $ 364,201 $ 462,500 35% $ 462,501 $ 693,750 37% $ 693,751
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Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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