![Marginal (Taxable income] Tax Rate Single Married Filing Jointly 10% $0-$8,350 $0-$16,700 15% $8,350-$33,950 16,700-$67,900 2](http://img.homeworklib.com/questions/ddd93450-c28c-11eb-a84c-5f6949f3c60a.png?x-oss-process=image/resize,w_560)
Homework Answers
As single income of 150000 falls in between 82250 - 171550, marginal tax rate = 28%
Taxes owed = 0.1 * 8350 + 0.15 * (33950 - 8350) + 0.25 * (82250 - 33950) + 0.28 * (150000 - 82250)
= 35720
Third option is correct answer
Add Answer to:
Marginal (Taxable income] Tax Rate Single Married Filing Jointly 10% $0-$8,350 $0-$16,700 15% $8,350-$33,950 16,700-$67,900 25%...
Use the table to answer the questions. In relation to taxes, Ramone will be filing as...
Use the table to answer the questions. In relation to taxes, Ramone will be filing as married filing jointly. Ramone is making $156,141.00 this year as an employee of Rust-Eze; he has no other income. Do not consider any deduct this question Married filing jointly or Tax rate Single Married filing separately Head of household qualified widow(er) 10% $0-$8,350 $0 $16,700 $0-$8,350 $0-$11,950 15% $8,351 $33,950 $16,701 $67,900 $8,351-$33,950 $11,951 $45,500 2593 $33,951-$82,250 $67,901-$137,050 $33,951-$68,525 845,501-$117,450 2856 $82,251-$171,550 $137,051-$208,850 $68,526...
Java Programming Basic and Clean Approach, Please post the answer in Text Format. Computing Tax Problem...
Java Programming Basic and Clean Approach, Please post the answer in Text Format. Computing Tax Problem Description: The United States federal personal income tax is calculated based on filing status and taxable income. There are four filing statuses: single filers, married filing jointly, married filing separately, and head of household. The tax rates vary every year. Table 3.2 shows the rates for 2009. If you are, say, single with a taxable income of $10,000, the first $8,350 is taxed at...
I have already done the source code I just need help in the analysis part and design part asap Thank you File Edit View...
I have already done the source code
I just need help in the analysis part and design part
asap
Thank you
File Edit View Windew Help ⑦ A Sign In Home Tools IT109N Assigmenx d share By completing this assignment, students should be able to: Assign expressions to variables Perfarm arithrietic calculations using Java Implement console user input/output in their programs . Use If clse statements to control the flow of logic in a program Computing Tax The United States...
Filing 2015 Marginal Tax Rates Married Married Head of Single Filing Filing Household Jointly Separately Status...
Filing 2015 Marginal Tax Rates Married Married Head of Single Filing Filing Household Jointly Separately Status Tax Rate Income Brackets 10% 0—13,150 15% 0–9,225 18 450 0–9,225 9.226— 18,451– 9,226 37,450 74,900 37,450 37,451–74,901—37,451— 90,750 151,200 75,600 13,151— 50,200 50,201— 129,600 25% 90,7514 151,201 129,601— 209.850 75,601- 28% 189,300 230,450 115,225 189,301 230,451 115,226— 33% 411,500 411,500 205,750 411,501 411,501 205,751- 35% 413,200 464,850 232,425 ||39.6% 413,201+ 464,851+ 232,426+ 209,851- 411,500 411,501- 439,000 439,001+ Use the marginal tax rates to...
A married couple filing jointly with a taxable income of $295,000 and a $6000 tax credit...
A married couple filing jointly with a taxable income of
$295,000 and a $6000 tax credit
The tax code is
mathxl.com mat142 26758 Test: Module 6A Test This Question: 1 pt 9 of 20 (17 complete) Use the 2016 marginal tax rates to compute the tax owed by the following couple. A married couple filing jointly with a taxable income of $295,000 and a $6000 tax credit Click the icon to view the 2016 marginal tax rates. The tax owed...
import java.util.*; //Include the needed package public class IncomeTax //Class { public static void main(String[] arg...
import java.util.*; //Include the needed package
public class IncomeTax //Class
{
public static void main(String[] args)
{
Scanner scInput = new Scanner(System.in); //Create new
instance
System.out.println("\nEnter the filing status"); //Prompt for
input
System.out.println("\0 for filling as single. ");
System.out.println("\1 for filling as married jointly. ");
System.out.println("\2 for filling as married separately. ");
System.out.println("\3 for filling as head of household. ");
int filingStatus = scInput.nextInt();
System.out.println("Enter the taxable income:");
double ti = scInput.nextDouble();
double it = 00.00;
if(filingStatus==0)
{
if (ti<=8350)...
If Your Taxable Income Average Tax Rate at Top of Bracket Is Up to $19,050 $19,050...
If Your Taxable Income Average Tax Rate at Top of Bracket Is Up to $19,050 $19,050 - $77,400 $77,400 - $165,000 $165,000 - $315,000 $315,000 - $400,000 $400,000 - $600,000 Over $600,000 Married couples Filing Joint Returns You Pay This Plus This Percentage Amount on the on the Excess over the Base of the Base (Marginal Rate) Bracket $0 10.0% 1,905.00 12.0 8,907.00 22.0 28,179.00 24.0 64,179.00 32.0 91,379.00 35.0 161,379.00 37.0 10.0% 11.5 17.1 20.4 22.8 26.9 37.0 Standard...
Tax Year 2019 Campbell, a single taxpayer, earns $205,000 in taxable income and $6,000 in interest...
Tax Year 2019
Campbell, a single taxpayer, earns $205,000 in taxable income and $6,000 in interest from an investment in State of New York bonds. (Use the U.S. tax rate schedule.) Required: a. How much federal tax will she owe? b. What is her average tax rate? c. What is her effective tax rate? d. What is her current marginal tax rate? Jorge and Anita, married taxpayers, earn $42,000 in taxable income and $32,500 in interest from an investment in...
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The...
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,750 10% of taxable income $ 19,750 $ 80,250 $1,975 plus 12% of the excess over $19,750 $ 80,250 $171,050 $9,235 plus 22% of the excess over $80,250 $171,050 $326,600 $29,211 plus 24% of the excess over $171,050 $326,600 $414,700 $66,543 plus 32% of the excess over $326,600 $414,700 $622,050 $94,735 plus 35% of the excess over $414,700 $622,050...
e. Married, filing jointly 9. Perry, a single taxpayer, has taxable income of $178,000 and is in the 32% tax bracke...
e. Married, filing jointly 9. Perry, a single taxpayer, has taxable income of $178,000 and is in the 32% tax bracket. During 2019, he had the following capital asset transactions: $30,000 Gain from the sale of a stamp collection (held for 10 years) Gain from the sale of an investment in land (held for 4 years) 10,000 4,000 Gain from the sale of stock investment (held for 8 months) Perry's tax consequences from these gains are as follows: a. (15%...
Use the table to answer the questions. In relation to taxes, Ramone will be filing as married filing jointly. Ramone is making $156,141.00 this year as an employee of Rust-Eze; he has no other income. Do not consider any deduct this question Married filing jointly or Tax rate Single Married filing separately Head of household qualified widow(er) 10% $0-$8,350 $0 $16,700 $0-$8,350 $0-$11,950 15% $8,351 $33,950 $16,701 $67,900 $8,351-$33,950 $11,951 $45,500 2593 $33,951-$82,250 $67,901-$137,050 $33,951-$68,525 845,501-$117,450 2856 $82,251-$171,550 $137,051-$208,850 $68,526...
I have already done the source code
I just need help in the analysis part and design part
asap
Thank you
File Edit View Windew Help ⑦ A Sign In Home Tools IT109N Assigmenx d share By completing this assignment, students should be able to: Assign expressions to variables Perfarm arithrietic calculations using Java Implement console user input/output in their programs . Use If clse statements to control the flow of logic in a program Computing Tax The United States...
Filing 2015 Marginal Tax Rates Married Married Head of Single Filing Filing Household Jointly Separately Status Tax Rate Income Brackets 10% 0—13,150 15% 0–9,225 18 450 0–9,225 9.226— 18,451– 9,226 37,450 74,900 37,450 37,451–74,901—37,451— 90,750 151,200 75,600 13,151— 50,200 50,201— 129,600 25% 90,7514 151,201 129,601— 209.850 75,601- 28% 189,300 230,450 115,225 189,301 230,451 115,226— 33% 411,500 411,500 205,750 411,501 411,501 205,751- 35% 413,200 464,850 232,425 ||39.6% 413,201+ 464,851+ 232,426+ 209,851- 411,500 411,501- 439,000 439,001+ Use the marginal tax rates to...
A married couple filing jointly with a taxable income of
$295,000 and a $6000 tax credit
The tax code is
mathxl.com mat142 26758 Test: Module 6A Test This Question: 1 pt 9 of 20 (17 complete) Use the 2016 marginal tax rates to compute the tax owed by the following couple. A married couple filing jointly with a taxable income of $295,000 and a $6000 tax credit Click the icon to view the 2016 marginal tax rates. The tax owed...
import java.util.*; //Include the needed package
public class IncomeTax //Class
{
public static void main(String[] args)
{
Scanner scInput = new Scanner(System.in); //Create new
instance
System.out.println("\nEnter the filing status"); //Prompt for
input
System.out.println("\0 for filling as single. ");
System.out.println("\1 for filling as married jointly. ");
System.out.println("\2 for filling as married separately. ");
System.out.println("\3 for filling as head of household. ");
int filingStatus = scInput.nextInt();
System.out.println("Enter the taxable income:");
double ti = scInput.nextDouble();
double it = 00.00;
if(filingStatus==0)
{
if (ti<=8350)...
If Your Taxable Income Average Tax Rate at Top of Bracket Is Up to $19,050 $19,050 - $77,400 $77,400 - $165,000 $165,000 - $315,000 $315,000 - $400,000 $400,000 - $600,000 Over $600,000 Married couples Filing Joint Returns You Pay This Plus This Percentage Amount on the on the Excess over the Base of the Base (Marginal Rate) Bracket $0 10.0% 1,905.00 12.0 8,907.00 22.0 28,179.00 24.0 64,179.00 32.0 91,379.00 35.0 161,379.00 37.0 10.0% 11.5 17.1 20.4 22.8 26.9 37.0 Standard...
Tax Year 2019
Campbell, a single taxpayer, earns $205,000 in taxable income and $6,000 in interest from an investment in State of New York bonds. (Use the U.S. tax rate schedule.) Required: a. How much federal tax will she owe? b. What is her average tax rate? c. What is her effective tax rate? d. What is her current marginal tax rate? Jorge and Anita, married taxpayers, earn $42,000 in taxable income and $32,500 in interest from an investment in...
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,750 10% of taxable income $ 19,750 $ 80,250 $1,975 plus 12% of the excess over $19,750 $ 80,250 $171,050 $9,235 plus 22% of the excess over $80,250 $171,050 $326,600 $29,211 plus 24% of the excess over $171,050 $326,600 $414,700 $66,543 plus 32% of the excess over $326,600 $414,700 $622,050 $94,735 plus 35% of the excess over $414,700 $622,050...
e. Married, filing jointly 9. Perry, a single taxpayer, has taxable income of $178,000 and is in the 32% tax bracket. During 2019, he had the following capital asset transactions: $30,000 Gain from the sale of a stamp collection (held for 10 years) Gain from the sale of an investment in land (held for 4 years) 10,000 4,000 Gain from the sale of stock investment (held for 8 months) Perry's tax consequences from these gains are as follows: a. (15%...
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