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Problem 8-47 (LO 8-1)

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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.)

2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,700 10% of

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: ???

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Answer #1
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%
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