Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are filing your tax jointly with your spouse and have a taxable income of $150,000 in 2022. Compute (to the nearest hundred $) how

You are filing your tax jointly with your spouse and have a "taxable income" of $150,000 in 2022. Compute (to the nearest hundred $) how much you owed in federal taxes using the table below: 2022 MARRIED FILING JOINTLY AND SURVIVING SPOUSE Over SO 20,550 83,550 178,150 340,100 431,900 647,850 O $24,200 $14,600 $9,200 Taxable Income $33,000 18,900 But Not Over 20,550 83,550 178,150 340,100 431,900 647,850 Pay $0 2,055.00 9,615.00 30,427.00 69,295.00 98,671.00 174,253.50 % on Excess 10% 12% 22% 24% 32% 35% 37% of the amount over $0 20,550 83,550 178,150 340,100 431,900 647,850
image text in transcribed
Youare hling your tax jointly with your spouse and have a "taxable income" of $150,000 in 2022 . Compute (to the nearest hundred\$1 how much you owed in federal taxes using the table below: $24,200 514600 19,200 533,000 13,900

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

Day Trading Cardinal Rules For Passive Income

Authors: Brian Stclair

1st Edition

1539480313, 978-1539480310

More Books

Students also viewed these Finance questions