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Vicky is a cash-basis, calendar-year taxpayer. Her salary is $94,000, and she is single. She plans to purchase a residence in 2022. She anticipates
Vicky is a cash-basis, calendar-year taxpayer. Her salary is $94,000, and she is single. She plans to purchase a residence in 2022. She anticipates her property taxes and interest will total $7,900. Each year, Vicky contributes approximately $3,800 to charity. Her other itemized deductions total approximately $3,200 for each year. For purposes of this problem, assume that 2022 tax rates and standard deductions are the same as for 2021. (Click the icon to view the standard deduction amounts.) (Click the icon to view the 2021 tax rate schedule for the Single filing status.) Read the requirements Requirement a. What will her gross tax be in 2021 and 2022 if she contributes $3,800 to charity in each year? Begin by calculating Vicky's taxable income for 2021 and 2022, then calculate the gross tax for each year. (Use the 2021 tax rate schedule for all tax calculations. Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) 2021 2022 Minus Taxable income Gross tax
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