Mr. Rogers, an unmarried individual, had the following income items:
Salary | $ | 512,100 |
Interest income | 19,700 | |
Dividend eligible for 20% rate | 31,000 | |
Mr. Rogers had $34,000 itemized deductions and four dependent children (ages 5 through 15). Compute his income tax (before credits). Assume the taxable year is 2019. Use
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Mr. Rogers, an unmarried individual, had the following income items: Salary $ 512,100 Interest income 19,700...
Need help calculating income tax: Mr. Rogers, an unmarried individual, had the following income items. Salary Interest income Dividend eligible for 20% rate $521,600 25,400 50,000 Mr. Rogers had $35,900 itemized deductions and four dependent children (ages 5 through 15). Compute his income tax (before credits). Assume the taxable year is 2019. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Answer is complete but not entirely...
Ms. Gleason, an unmarried taxpayer, had the following income items: Salary $ 40,000 Net income from a rental house 3,200 Ms. Gleason has a four-year-old son who attends a daycare center while she is at work. Ms. Gleason paid $4,380 to this center and has no itemized deductions. Compute Child Credit, Dependent Credit, and her income tax after these two credits. Assume the taxable year is 2019.
Mr. Coleman, an unmarried individual, has the following income items: Interest income $ 24,700 Ordinary loss from an S corporation (8,650 ) Ordinary income from a partnership 64,000 He has $10,250 itemized deductions and no dependents. Mr. Coleman's passthrough income is qualified business income under Section 199A. Compute Mr. Coleman’s income tax. Assume the taxable year is 2019. Use Individual Tax Rate Shedules and Standard Deduction Table. (Round your answers to the nearest whole dollar amount.)
33 Mr. and Mrs. Daku had the following income items: Mr Daku'a salary $49,750 5 Mrs. Daku's Schedule c net points 33,300 profit income 2,450 Interest 01:21:50 Mrs. Daku's self-employment tax was $4,705. Mrs. Daku's Schedule C net business profit is qualified business income under Section 199A. The couple had $10,370 itemized deductions and no children or other dependents. Compute their income tax on a joint return. Assume the taxable year is 2018. Use Individual Tax Rate Schedules and Standard...
Mr. and Mrs. Ludwig have the following income items. Dividend eligible for 0% preferential rate Capital gain eligible for 0% preferential rate Mrs. Ludwig's salary $ 3,600 4,200 44,650 Mr. L is age 66, and Mrs. L is age 68. Their itemized deductions totaled $8,990, and they have no dependents. Compute their income tax on a joint return. Assume the taxable year is 2019. Use Individual Tax Rate Schedules and Standard Deduction Table (Round your intermediate calculations and final answers...
Mr. and Mrs. Daku have the following income items. Mr. Daku’s salary $ 61,750 Mrs. Daku’s Schedule C net profit 44,800 Interest income 1,850 Mrs. Daku’s self-employment tax was $6,330. Mrs. Daku's Schedule C net business profit is qualified business income under Section 199A. The couple have $9,170 itemized deductions and no children or other dependents. Compute their income tax on a joint return. Assume the taxable year is 2019. Use Individual Tax Rate Schedules and Standard Deduction Table. (Round...
Mr. and Mrs. Daku have the following income items. Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income $58,500 31,600 2,550 Mrs. Daku's self-employment tax was $4,465. Mrs. Daku's Schedule C net business profit is qualified business income under Section 199A. The couple have $10,570 itemized deductions and no children or other dependents. Compute their income tax on a joint return. Assume the taxable year is 2019. Use Individual Tax Rate Schedules and Standard Deduction Table (Round your...
Mr. and Mrs. Daku have the following income items. Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income $58,500 31,600 2,550 Mrs. Daku's self-employment tax was $4,465. Mrs. Daku's Schedule C net business profit is qualified business income under Section 199A. The couple have $10,570 itemized deductions and no children or other dependents. Compute their income tax on a joint return. Assume the taxable year is 2019. Use Individual Tax Rate Schedules and Standard Deduction Table (Round your...
Mr. and Mrs. Daku have the following income items. en un Mr. Daku's salary Mrs. Daku's Schedule C net profit Interest income entorno e met profit $ 59,750 44,700 1,950 Mrs. Daku's self-employment tax was $6,316. Mrs. Daku's Schedule C net business profit is qualified business income under Section 199A. The couple have $9,370 itemized deductions and no children or other dependents. Compute their income tax on a joint return. Assume the taxable year is 2019. Use Individual Tax Rate...
Boyd Salzer, an unmarried individual, has $238,700 AGI consisting of the following items: Salary $ 209,500 Interest income 5,500 Dividend income 9,450 Rental income from real property 14,250 Compute Mr. Salzer’s Medicare contribution tax. Compute the Medicare contribution tax if Boyd Salzer files a joint income tax return with his wife Harriet