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What is the 2021 tax owed for the following taxpayer for each situation? For each problem, how much did the taxpayer save in taxes due

  1. What is the 2021 tax owed for the following taxpayer for each situation?
  2. For each problem, how much did the taxpayer save in taxes due to making the charitable contribution?
  3. For each situation, what is the tax rate based on?
    1. Taxable income (tax owed over tax able income)
    2. Marginal rate (marginal rate)

X Y
Status, No Children Single Single
Wage Income 48,000 195,000
Medical Cost Paid 5,100 5,100
State Income Taxes Paid 2,040 8,288
Property Taxes Paid 0 7,900
Mortgage Interest 0 11,300
Charitable Contributions 810 230

2021 Tax rate schedule- Single

Taxable Income over But not over: Tax is:
$0 $ 9,950 10% of taxable Income
$9,950 $ 40,525 $ 995 plus 12% of the excess over $9,950
$40,525 $ 86,375 $ 4,664 plus 22% of the excess over $ 40,525
$86,375 $ 164,925 $ 14,751 plus 24% of the excess over $86,375
$164,925 $ 209,425 $ 33,603 plus 32% of the excess over $164,925
$209,425 $ 525,600 $ 47,843 plus 35% of the excess over $209,425
$523,600 - $ 157,804.25 plus 37% of the excess over $523,600

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