Question

Using the tax table, determine the amount of taxes for the following situations. Do

not round intermediate calculations. Round your answers to 2 decimal places.

a. A head of househould with taxable income of $63,000.

Tax amount =

b. A single person with taxable income of $37,500.

Tax amount =

c. Married taxpayers filing jointly with taxable income of $73,600.

Tax amount =

Answer 1

a. A head of househould with taxable income of $63,000.

Head of Household	Tax Rate	Income	Tax
$0 - $13,850	10%	$13,850	1385
$13,850 - $52,850	12%	$39,000	4680
$52,850 - $84,200	22%	$10,150	2233
$84,200 - $160,700	24%
$160,700 - $204,100	32%
$204,100 - $510,300	35%
Over $510,300	37%
Total		$63,000	$8298

b. A single person with taxable income of $37,500.

Single	Tax Rate	Income	Tax
$0 - $9,700	10%	$9,700	$970
$9,700 - $39,475	12%	$27,800	$3,336
$39,475 - $84,200	22%
$84,200 - $160,725	24%
$160,725 - $204,100	32%
$204,100 - $510,300	35%
Total		$37,500	$4,306

c. Married taxpayers filing jointly with taxable income of $73,600.

Married Filing Jointly or Qualified Widow(er)	Tax Rate	Income	Tax
$0 - $19,400	10%	$19,400	$1,940
$19,400 - $78,950	12%	$54,200	$6,504
$78,950 - $168,400	22%
$168,400 - $321,450	24%
$321,450 - $408,200	32%
$408,200 - $612,350	35%
Total		$73,600	$8,444