Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the tax table, determine the amount of taxes for the following situations (Do not round intermediate calculations. Round your answers to 2 decimal places.)

image text in transcribed
image text in transcribed
Using the tax table, determine the amount of taxes for the following situations (Do not round intermediate calculations. Round your answers to 2 decimal places.) a. A head of household with taxable income of $57.000 Tax amount b. A single person with taxable income of $35,800. Tax amount c. Married taxpayers filing jointly with taxable income of $72,400, Tax amount Rate on Taxable Income 105 128 22 240 328 356 378 Single Taxpayers Up to $9,875 $9,876-$40, 125 $40, 126-$85, 525 $85,526-$163,300 $163, 301-$207,350 $207, 351-$518, 400 Over $518, 401 Married Taxpayers F Jointly Up to $19,750 $19,751-$80,250 $80, 251-$171,050 $171, 051-$326, 600 $326, 601-$414,700 $414,701-$622,050 Over $622,051 Heads of Household Up to $14,100 $14, 101-$53,700 $53, 701-$85,500 $85,501-$163,300 $163, 301-$207,350 $207,351-$518,400 Over $518,401

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Null The For Sale By Owner Fsbo Fsbo

Authors: Tony H. Kiani

1st Edition

979-8388404404

More Books

Students also viewed these Finance questions