Determine the amount of tax liability in each of the following instances: Use the Tax Tables for taxpayers with taxable income under $100,000 and the Tax Rate Schedules for those with taxable income above $100,000. Required: A married couple filing jointly with taxable income of $33,453. A married couple filing jointly with taxable income of $202,771. A married couple filing separately, one spouse with taxable income of $44,347 and the other with $56,687. A single person with taxable income of $79,898. A single person with taxable income of $313,471. A head of household with taxable income of $97,054. A qualifying widow with taxable income of $14,488. A married couple filing jointly with taxable income of $11,685.

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter9: Individuals As Taxpayers
Section: Chapter Questions
Problem 4CE
Question

Determine the amount of tax liability in each of the following instances:

Use the Tax Tables for taxpayers with taxable income under $100,000 and the Tax Rate Schedules for those with taxable income above $100,000.

Required:

  1. A married couple filing jointly with taxable income of $33,453.
  2. A married couple filing jointly with taxable income of $202,771.
  3. A married couple filing separately, one spouse with taxable income of $44,347 and the other with $56,687.
  4. A single person with taxable income of $79,898.
  5. A single person with taxable income of $313,471.
  6. A head of household with taxable income of $97,054.
  7. A qualifying widow with taxable income of $14,488.
  8. A married couple filing jointly with taxable income of $11,685.

 

 

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