Alan and Sara Winthrop are a married couple who file a joint income tax return. They have two children, and they have legitimate itemized deductions totaling $28,000. Their total income fr wages is $271,800. Assume the following tax table is applicable: Married Couples Filing Joint Returns You Pay This Amount on the Base of the Bracket f Your Taxable ncome Is Up to $19,750 $19,750-$80,250 $80,250-$171,050 $171,050-$326,600 $326,600-$414,700 #414,700-$622,050 Over $622,050 What is their marginal tax rate? O a. 22.0% O b. 12.0% O c. 35.0% O d. 24.0% O e. 32.0% $0.00 1,975.00 9,235.00 29,211.00 66,543.00 94,735.00 167,307.50 Plus This Percentage on Average Tax Rate at Top the Excess over the Base of Bracket 10.0% 12.0 22.0 24.0 32.0 35.0 37.0 10.0% 11.5 17.1 20.4 22.8 26.9 37.0

Paul and Olivia file a joint tax return and reported modified AGI of $142,000. They have two qualifying children, ages seven and nine, for the purpose of the child tax credit. What is the amount of their child tax credit? What is the amount of the credit if they're modified AGI is $167,000? What is the amount of their credit if their modified AGI is $432,000?

Jenni is married filling separately with taxable income of $68,000. How much tax does she owe? ( round to the nearest cent as needed) Tax Rate. Single 10% up to $9,325 15% up to $ 37, 950 25% up to $91, 900 The tax owed is $....

Determine the taxable amount of social security benefits for the following situations. If an amount is zero, enter "$0".a. Erwin and Eleanor are married and file a joint tax return. They have adjusted gross income of $36,000, no tax-exempt interest, and $12,400 of Social Security benefits. As a result, $ of the Social Security benefits are taxable.b. Assume Erwin and Eleanor have adjusted gross income of $12,000, no tax-exempt interest, and $16,000 of Social Security benefits. As a result, $ of the Social Security benefits are taxable.c. Assume Erwin and Eleanor have adjusted gross income of $85,000, no tax-exempt interest, and $15,000 of Social Security benefits. As a result, $ of the Social Security benefits are taxable.

Maureen Smith is a single individual. She claims a standard deduction of $12,400. Her salary for the year was $73,850. Assume the following tax table is applicable. Single Individuals If Your Taxable Income is Up to $9,875 $9,875-$40,125 $40,125-$85,525 $85,525-$163,300 $163,300-$207,350 You Pay This Amount on the Base of the Bracket O a $9,309.00 Ob $12,037.00 O c $4,617.50 Od $7.176.50 e $13.519.00 $0.00 987.50 4,617.50 14,605.50 33,271.50 47,367.50 156,235.00 $207 350-$518,400 Over $518,400 What is her federal tax liability? Plus This Percentage on the Excess over the Base 10.0% 12.0 22.0 24.0 32.0 35.0 37.0 Average Tax Rate at Top of Bracket 10.0% 11.5 17.1 20,4 22.8 30,1 37.0

David and Lilly Fernandez have determined their tax liability on their joint tax return to be $3,100. They have made prepayments of $1,900 and also have a child tax credit of $2,000. What is the amount of their tax refund or taxes due?

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Determine the amount of the child tax credit in each of the following cases: a. A single parent with modified AGI of $215,300 and one child age 4. b. A single parent with modified AGI of $79,900 and three children ages 7, 9, and 12. c. A married couple, filing jointly, with modified AGI of $409,833 and two children age 14 and 16. d. A married couple, filing jointly, with modified AGI of $133,955 and one child, age 13. Child Tax Credit Allowed

Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $320,000. Do not round Intermediate calculation. a. What is their federal tax liability? Round your answer to the nearest dollar. $ b. What is their marginal tax rate? Round your answer to the nearest whole number. % c. What is their average tax rate? Round your answer to two decimal places. %

Xavier and his wife Maria have total W-2 income of $95,102. They will file their tax return as married filing jointly. They had a total of $7,910 withheld from their paychecks for federal income tax. Using the 22% from the tax table, Indicate whether the amount is a refund or additional tax.