Question

I need part A and B answered please

Ms. Gomez earned a $94,250 salary, and Mr. Hill earned a $190,400 salary. Neither individual had any other income, and neither can itemize deductions. Assume the taxable year is 2019. Use Individual Tax Rate Schedules and Standard Deduction Table. a. Compute Ms. Gomez and Mr. Hill's combined tax if they file as single individuals. b. Compute Ms. Gomez and Mr. Hill's tax if they are married and file a joint return. Complete this question by entering your answers in the tabs below. Required A Required B Compute Ms. Gomez and Mr. Hill's combined tax if they file as single individuals. (Round your intermediate calculations an final answers to the nearest whole dollar amount.) Ms. Gomez's Tax Mr. Hill's Tax Combined tax

Answer 1

a) IF THEY FILE INDIVIDUAL RETURN
ASSUMING MR. HILL IS HEAD OF THE HOUSEHOLD
	PARTICULARS	MS. GOMEZ					PARTICULARS	MR. HILL
	SALARY	94250					SALARY	190400
	TOTAL INCOME	94250					TOTAL INCOME	190400
	LESS: STANDARD	12200					LESS: STANDARD	18350
	DEDUCTION						DEDUCTION
	TAXABLE INCOME	82050					TAXABLE INCOME	172050
	INCOME TAX CALCULATION					INCOME TAX CALCULATION
			RATE	TAX					RATE	TAX
	FROM $0 TO $9700		10%	$970.00			FROM $0 TO $13850		10%	$1,385.00
	FROM $9701 TO $39475	12%	$3,573.00			FROM $13851 TO $52850	12%	$4,680.00
	FROM $39476 TO $82050	22%	$9,366.28			FROM $52851 TO $84200	22%	$6,897.00
	TOTAL TAX LIABILITY		$13,909.28			FROM $84201 TO $160700	24%	$18,359.76
							FROM $160701 TO $172050	32%	$3,632.00
							TOTAL TAX LIABILITY		$34,953.76
	COMBINED TAX LIABILITY     =	$48,863.04
b) IF THEY FILE JOINT RETURN
	MS. GOMEZ'S SALARY	$94,250.00
	MR. HILL'S SALARY		$1,90,400.00
	TOTAL		$2,84,650.00
	LESS: STANDARD DEDUCTION	$24,400.00
	TAXABLE INCOME		$2,60,250.00
	INCOME TAX CALCULATION
			RATE	TAX
	FROM $0 TO $19400		10%	$1,940.00
	FROM $19401 TO $78950	12%	$7,146.00
	FROM $78951 TO $168400	22%	$19,679.00
	FROM $168401 TO $260250	24%	$22,044.00
	TOTAL TAX LIABILITY		$50,809.00