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Winona is single, with an adjusted gross income of $369,000. Use the given tax table to complete parts (a) through (d). Married Filing Married Filing
Winona is single, with an adjusted gross income of $369,000. Use the given tax table to complete parts (a) through (d). Married Filing Married Filing Head of Tax Rate Single Jointly Separately Household 10% up to $9950 up to $19,900 up to $9950 up to $14,200 12% up to $40,525 up to $81,050 up to $40,525 up to $54,200 22% up to $86,375 up to $172,750 up to $86,375 up to $86,350 24% up to $164,925 up to $329,850 up to $164,925 up to $164,900 32% up to $209,425 up to $418,850 up to $209,425 up to $209,400. 35% up to $523,600 up to $628,300 up to $314, 150 up to $523,600 37% above $523,600 above $628,300 above $314, 150 above $523,600 Standard Deduction $12,550 $25, 100 $12,550 $18,800 a. Determine the person's taxable income. Assume the standard deduction. The taxable income is $ 356450 (Simplify your answer.) b. Compute the tax owed. The tax owed is $ 99302 . (Round to the nearest dollar as needed.) c. State the person's marginal tax rate (tax bracket); then calculate the effective tax rate as a percentage of taxable income. Winona is in the tax bracket
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