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- Based on the following data, will Ann Wilton receive a federal tax refund or owe additional taxes in 2019? (Input the amount as a positive value. Round your intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.) Taxable Income 0-$47,630 $47,630-$95,259 $95,259-$147,667 $147,667-$210,371 Tax Rate 158 20.58 268 298 Net income (line 23600) Deductions to determine net income Federal income tax withheld Total non-refundable tax credit amounts, excluding medical expenses Medical expenses Refund $8149.85$ $50,690 $11,570 $ 7,009 $12,144 $ 2,800Based on the following data, will Ann Wilton receive a federal tax refund or owe additional taxes in 2019? (Input the amount as a positive value. Round your intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.) Taxable Income Tax Rate 0–$47,630 15% $47,630–$95,259 20.5% $95,259–$147,667 26% $147,667–$210,371 29% Net income(line 23600) $ 50,790 Deductions to determine net income $ 11,600 Federal income tax withheld $ 7,054 Total non-refundable tax credit amounts, excluding medical expenses $ 12,159 Medical expenses $ 2,900Based on the following data, will Ann Wilton receive a federal tax refund or owe additional taxes in 2019? Taxable Income Tax Rate 0–$47,630 15% $47,630–$95,259 20.5% $95,259–$147,667 26% $147,667–$210,371 29% Net income(line 23600) $ 50,650 Deductions to determine net income $ 11,840 Federal income tax withheld $ 6,964 Total non-refundable tax credit amounts,excluding medical expenses $ 10,319 Medical expenses $ 2,700
- What is the amount of the tax liability for a single person having taxable income of $59,200? Use the appropriate Tax Tables and Tax Rate Schedules 2022 Note: All answers should be rounded to the nearest dollar. Multiple Choice $7,326. $7,147. $8,647. $6,696.Click here to access the 2023 tax rate schedule. If required, round the tax liability to the nearest dollar. When required, round the average rates to four decimal places before converting to a percentage (i.e., .67073 would be rounded to .6707 and entered as 67.07%). a. Chandler, who files as a single taxpayer, has taxable income of $96,000. Tax liability: Marginal rate: Average rate: tA 16,290 X 24 % 18.62 X % b. Lazare, who files as a head of household, has taxable income of $80,400. Tax liability: Marginal rate: Average rate: tA 7,143 X 22 % 14.81 X %1. Determining a Refund or Taxes Owed. Based on the following data, will Ann Wilton receive a federal tax refund or owe additional taxes in 2019? LO2 Net income, $48,190 Deductions to determine net income, $11,420 Federal income tax withheld, $6,784 Total non-refundable tax credit amounts, excluding medical expenses, $12,069 Medical expenses, $2,300
- Determine from the tax table provided the amount of the income tax (before any credits) for each of the following taxpayers for 2021: Тахраyer(s) Filing Status Taxable Income Income Taх Allen Single $21,000 Boyd MFS 24,545 Caldwell MFJ 35,784 Dell H of H 27,450 Evans Single 44,999Based on the following data, would Beth and Roger Simmons receive a refund or owe additional taxes? What is the amount? (Do not round any intermediate calculations. Enter the amount as a positive value rounded to 2 decimal places.) Adjusted gross income Credit for child and dependent care expenses The result is a of $ 52,750 $ 480 Standard deduction Federal income tax withheld Tax rate on taxable income $ 24,800 $ 6,820 15 percentRequired information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2023, his taxable income is $530,000. What are his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference. Note: Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable. Round your final answers to 2 decimal places. b. His $530,000 of taxable income includes $2.000 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $570,000. Income tax Net investment income tax Total tax liability Amount 0.00
- Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2023, his taxable income is $530,000. What are his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference. Note: Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable. Round your final answers to 2 decimal places. b. His $530,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $570,000. Answer is complete but not entirely correct. Income tax Net investment income tax Total tax liability Amount 159,251.75 x 2,000.00 x 161,251.75Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals. Taxable Income Tax rate $0-$9,700 10% $9,701-$39,475 12 $39,476-$84,200 22 $84,201-160,725 24 $160,726-$204,100 32 $204,101-$510,300 35 Over $510,30O 37 8th attempt O See Hint If you have a taxable income of $363,020.00, what is your top marginal tax rate? 35 total tax bill?S average tax rate?Determine from the tax table or the tax rate schedule, whichever is appropriate, the amount of the income tax for each of the following taxpayers for 2020. Please show all work and calculations where appropriate. Taxpayer(s) Filing Status Taxable Income Income Tax Macintosh Single $35,700 Hindmarsh MFS $62,000 Kinney MFJ $143,000 Rosenthal H of H $91,500 Wilk Single $21,400
