Manny a single taxpayer earns 69600 per year in taxable income and an additional 12460 per year in city of boston bonds. What is manny's current marginal tax rate for 2020?
$40125-$85525 and the tax is $4617.50 plus 24% of excess over $40125
Tax liability for 2020 | $ 11,102.00 | =4617.5+((69600-40125)*22%) |
Manny's current marginal tax rate for 2020 is 22% because a dollar increase in taxable income upto total taxable income of $ 85,525 , Manny will be liable to pay tax @ 22% on increased income. |
Manny a single taxpayer earns 69600 per year in taxable income and an additional 12460 per...
Manny, a single taxpayer, earns $65,000 per year in taxable income and an additional $12,000 per year in city of Boston bonds. What is Manny's current marginal tax rate for 2019? (Use tax rate schedule.)
manny a single taxpayer erans 66400 per year in taxable income and an additional 12140 per year in city of boston bonds. if manny earns an additional 36400 in taxable income 2020 what is his marginal tax rate on this income?
Manny, a single taxpayer, earns $68,200 per year in taxable income and an additional $12,320 per year in city of Boston bonds. If Manny earns an additional $38,400 in taxable income in 2020, what is his marginal tax rate on this income? (Use tax rate schedule.) (Round your final answer to two decimal places.) Multiple Choice 17.91 percent 22.00 percent 23.10 percent < Prev 5 of 33 Next > 40 50G 9/13. Search ORI *
Help Seven Manny, a single taxpayer, earns $350,000 per year in taxable income and an additional $21.500 per year in city of Boston bonds If Manny earns an additional 565,000 in taxable income in 2019, what is his marginal tax rate on this income? Use antecedut Multiple Choice 0 30.11 percent 0 34.10 percent 0 O 35.00 percent 0 3610 percent None of the choices are correct
marc a single taxpayer earns 133500 in taxable income and 4150 in interest from an investment in city of Birmingham bonds. Using the US tax rate schedule for 2020, what is his current marginal tax rate? 85525-163300 and tax is 14605.50 plus 24% of the excess over 85525
Chuck, a single taxpayer, earns $168,000 in taxable income and
$21,750 in interest from an investment in City of Heflin bonds.
(Use the U.S. tax rate schedule.)
A) If Chuck earns an additional $47,250 of taxable
income, what is his marginal tax rate on this income?
B) What is his marginal rate if, instead, he had $47,250
of additional deductions?
2018 Tax Rate Schedules Individuals Schedule X-Single But not over: 9,525 38,700 $82.500 $157,500 $200,000 $500,000 If tasable income is...
Chuck, a single taxpayer, earns $76,600 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: a. If Chuck earns an additional $40,240 of taxable income, what is his marginal tax rate on this income? b. What is his marginal rate if, instead, he had $40,240 of additional deductions? (For all requirements, do not round intermediate calculations. Round percentage answers to 2 decimal places.) a. % Marginal tax...
Chuck, a single taxpayer, earns $86,000 in taxable income and $20,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: If Chuck earns an additional $53,000 of taxable income, what is his marginal tax rate on this income? What is his marginal rate if, instead, he had $53,000 of additional deductions? 2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0...
Chuck, a single taxpayer, earns $84,500 in taxable income and $23,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: If Chuck earns an additional $56,000 of taxable income, what is his marginal tax rate on this income? What is his marginal rate if, instead, he had $56,000 of additional deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) a. Marginal tax rate %...
Chuck, a single taxpayer, earns $143,500 in taxable income and $34,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: a. If Chuck earns an additional $65,500 of taxable income, what is his marginal tax rate on this income? b. What is his marginal rate if, instead, he had $65,500 of additional deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) a. Marginal tax rate...