taxable income. (Objs. 1 and 4) in 2019 , Terry ( age 48 with good vision)...
taxable income. (Objs. 1 and 4) in 2019 , Terry ( age 48 with good vision) uses widow as his filing status. compute Terry's taxable income if his AGI is $330,450 and he uses the standard deduction
Homework Answers
Qualifying widow(er) status can be used by surviving spouse for two subsequent years.
Standard deduction of $24,400 is available
Computation of Taxable Income
| Tax Rate | Income tax bracket | Tax owed |
| 10% | $0 - $19,400 | $1,940 |
| 12% | $19,401 - $78,950 | $7,146 |
| 22% | $78,951 - $168,400 | $19,679 |
| 24% | $168,401 - $306,050 | $33,036 |
| Total Tax | $61,801 |
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taxable income. (Objs. 1 and 4) in 2019 , Terry ( age
48 with good vision)...
* 10. Taxable income. (Objs. 1 and 4) In 2019, Terry (age 48 with good vision)...
* 10. Taxable income. (Objs. 1 and 4) In 2019, Terry (age 48 with good vision) uses qualifying widow(er) as his filing status. Compute Terry's taxable income if his AGI is $330,540 and he uses the standard deduction.
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Compute 2019 taxable income in each of the following independent situations. Click here to access the...
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* 10. Taxable income. (Objs. 1 and 4) In 2019, Terry (age 48 with good vision) uses qualifying widow(er) as his filing status. Compute Terry's taxable income if his AGI is $330,540 and he uses the standard deduction.
Compute 2019 taxable income in each of the following independent situations. Click here to access the standard deduction table to use if required. a. Drew and Meg, ages 40 and 41, respectively, are married and file a joint return. In addition to four dependent children, they have AGI of $125,000 and itemized deductions of $27,000. AGI $125,000 Less: itemized deductions 27,000 Taxable income 98,000 ✓ b. Sybil, age 40, is single and supports her dependent parents, who live with her....
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