Required information
Problem 8-47 (LO 8-1)
[The following information applies to the questions
displayed below.]
Whitney received $74,200 of taxable income in 2019. All of the
income was salary from her employer. What is her income tax
liability in each of the following alternative situations? Use Tax
Rate Schedule for reference. (Do not round intermediate
calculations. Round your answer to 2 decimal places.)
a. She files under the single filing status.
A. Income tax liability: ???
b. She files a joint tax return with her spouse. Together their taxable income is $74,200.
B. Income tax liability: ???
c. She is married but files a separate tax return. Her taxable income is $74,200.
C. Income tax liability: ???
d. She files as a head of household.
D. Income tax liability: ???
a | Income tax liability | 12182.50 | =4543+(74200-39475)*22% |
b | Income tax liability | 8516.00 | =1940+(74200-19400)*12% |
c | Income tax liability | 12182.50 | =4543+(74200-39475)*22% |
d | Income tax liability | 10762.00 | =6065+(74200-52850)*22% |
Required information Problem 8-47 (LO 8-1) [The following information applies to the questions displayed below.] Whitney...
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