Tax owed = 0.10 $ 8925 + 0.15 ( $ 36,250 - $ 8,926) + 0.25 ( $ 67,600 - $ 36,251)
Tax owed = $ 892.5 + $ 4098.6 + $ 7837.25
The tax owed is $ 12,828
4.E.31 Use the marginal tax rates in the table below to compute the tax owed in...
Use the marginal tax rates in the table below to compute the tax owed in the following situation. Gene is married filing separately with a taxable income of $67,500. The tax owed is $ (Simplify your answer. Round to the nearest dollar as needed.) Single Separately Tax Rate Married Filing 10% up to $8,925 up to $8,925 15% up to $36,250 up to $36,250 25% up to $87,850 up to $73,200 28% up to $183,250 up to $111,525 33% up...
Use the marginal tax rates in the table below to compute the tax owed in the following situation. Sarah is married filing separately with a taxable income of $67,400. Tax Rate Single Married Filing Separately 10% up to $8,925 up to $8,925 15% up to $36,250 up to $36,250 25% up to $87,850 up to $73,200 28% up to $183,250 up to $111,525 33% up to $398,350 up to $199,175 35% up to $400,000 up to $400,000 standard deduction $6100...
Use the marginal tax rates in the table below to compute the tax owed in the following situation. Sarahis singles and had a taxable income of $35,500 Tax Rate Single Married Filing Separately 10% up to $8,925 up to $8,925 15% up to $36,250 up to $36,250 25% up to $87,850 up to $73,200 28% up to $183,250 up to $111,525 33% up to $398,350 up to $199,175 35% up to $400,000 up to $400,000 standard deduction $6100 $6100 exemption...
Can you help me solve this please? Use the marginal tax rates in the table below to compute the tax owed in the following situation. Bobbi is married filing separately with a taxable income of $67,200 The tax owed is $ (Simplify your answer. Round to the nearest dollar as needed.) 15% Tax Rate | Single Married Filing Separately 10% up to $8,925 up to $8,925 up to $36,250 up to $36,250 Tup to $87,850 Jup to $73,200 28% Jup...
Marco is single and had a taxable income of $35,800. Tax Rate Single Married Filing Separately 10% up to $8,925 up to $8,925 15% up to $36,250 up to $36,250 25% up to $87,850 up to $73,200 28% up to $183,250 up to $111,525 33% up to $398,350 up to $199,175 35% up to $400,000 up to $400,000 Standard Deduction $6100 $6100 exemption (per person) $3900 $3900 The tax owed is $ ___ (Simplify your answer. Round to the nearest...
I have put the numbers in the calculator and keep coming up with the wrong answer. Do you think that you could help me solve this, but show me the right way to calculate the equation? Use the marginal tax rates in the table below to compute the tax owed in the following situation. The tax owed is $ (Simplify your answer. Round to the nearest dollar as needed.) Gene is married filing separately with a taxable income of $67,900....
Paul is a head of household with a taxable income of $80,000. He is entitled to a $5,000. Compute his tax owed using the table below. Tax Rate Single Head of Household 10% up to $8,925 up to $12,7580 15% up to $36,250 up to $48,600 25% up to $87,850 up to $125,450 28% up to $183,250 up to $203,150 33% up to $398,350 up to $398,350 35% up to $400,000 up to $425,000 standard deduction up to $6100 $8950...
Gabriella and Roberto who are engaged to be married, each have an adjusted gross income of $189,000. Assume each person takes one exemption and the standard deduction. Answer the questions below using the tax table to the right. Tax Rate Single Filing jointly 10% up to $8,925 $17,850 15% up to $36,250 $72,500 25% up to $87,850 up to $146,400 28% up to $183,250 up to $223,050 33% up to $398,350 up to $398,350 standard deductions $6100 $12,200 exemption per...
John is married filing separately with taxable income of $141,766. Calculate the amount of tax owed. Solve the problem. Refer to the table if necessary. 2013 Marginal Tax Rates, Standard Deductions, and Exemptions at Married Filing Married Fling Tax Rate Single Separately up to $ 925 p to $12 S u p to $8925 up to $12.750 up to $315, 250 up to $22.500 up to $36,250 to $18,600 up to $87.850 Mp to $146.460 up to $23.200 to $125.450...
Can you help me understand and solve this please? When I look up how to solve it or even try to solve it the numbers do not make sense. Paul is a head of household with a taxable income of $57,000. He is entitled to a $8000 tax credit. Compute his tax owed using the table below. The tax owed is $. I. (Type an integer or a decimal.) 25% Tax Rate Single Head of Household 10% up to $8,925...