Begin by computing taxable income for each couple. ​(Complete all input fields. Enter​ "0" for accounts with a zero​ balance.)     Williams Denbergs Salary $50,000 $145,000 Taxable interest income 50 600 Gross income $50,050 $145,600 Minus: IRA contribution 0 (6,000) Adjusted gross income $50,050 $139,600 Minus: Greater of standard deduction or itemized deductions (24,400) (24,400)   Taxable income $25,650 $115,200   Now calculate the 2019 tax due or refund due for each couple. ​(Use the 2019 tax rate schedule for all tax calculations. Do not round intermediary calculations. Only round the amount you enter in the input field to the nearest dollar. Use a minus sign or parentheses for a net tax​ refund.)     Williams Denbergs Gross tax     Minus: Withholding 500 8900 Tax due (refund)     Begin by computing taxable income for each couple. ​(Complete all input fields. Enter​ "0" for accounts with a zero​ balance.)

Mr. and Mrs. Wilson are married (MFJ) with one dependent child. They report the following information for 2020: Schedule C net profit Interest income from certificate of deposit (CD) Self-employment tax on Schedule C net profit Dividend eligible for 15% rate Mrs. Wilson's salary from Brants Company Dependent care credit Itemized deductions S 66,650 2,100 9,418 12,000 75,000 500 27,000 Required: Compute AGI, taxable income, and total tax liability (including self-employment tax). Assume that Schedule C net profit is qualified business income (non-service income) under Section 199A. Assume the taxable year is 2020. Use Individual Tax Rate Schedules and Standard Deduction Table. (Do not round intermediate computations. Round your final answers to the nearest whole dollar amount.)

Please explain every step. Thank you

Complete the following table with the information provided.    Employee, with your deductions allowed Gross income Social Security Tax (6.20%) Medical care contribution (1.45%) Income tax Other deductions Net income 8 Stream (0)   $ 735     (12%)     $ 25   9 Bravo (1)   $ 675     (11%)     $ 12   10 Colon (2)   $ 895     (10%)     -0-   eleven Diaz (3)   $ 580     (9%)     $ 5   12 Figueroa (4)   $ 610     (7%)     -0-   Determine: Social Security Contribution (FICA) Medical care contribution (Medicare - FICA) Income tax Net income

*Adjusted Gross income is $18,000* Determine the tax liability if you are filing single using the standard deduction of $12,000 and have no adjustments, itemized deductions, or tax credits.

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Gg.15.

Q. 5 i need help with a-d

The following table shows tax due for the given taxable income level for a single taxpayer. Taxable income Tax due $97,000 $97,050 $97,100 $97,150 $97,200 $21,913 $21,927 $21,941 $21,955 $21,969 (a) Show that the data in the table are linear. For every change of $50 in the taxable income there is constant change of $ 1.00 in the tax due. These data exhibit a constant rate of change and are linear. (b) How much additional tax is due on each dollar over $97,000? (Round your answer to the nearest cent.) per dollar (c) What would you expect for your tax due if you had a taxable income of $97,000? 24 What would you expect for your tax due if you had a taxable income of $98,000? $ (d) Find a linear formula that gives tax due T if your income is A dollars over $97,000. (Round equation parameters to two decimal places.) T =

1: Mortimer Klein earned gross pay of $1,340. Each period he makes a 401(k) contribution of 3% of gross pay. His current year taxable earnings for Social Security tax, to date, are $184,600. Total Social Security tax = $ × 2: Helena Smith earned gross pay of $2,000. She does not make any retirement plan contributions. Her current year taxable earnings for Social Security tax, to date, are $137,500. Total Social Security tax = $ 3: Kasey Wolfe earned gross pay of $1,140. Each period he contributes 1.5% of gross pay to a flexible spending account. His current year taxable earnings for Social Security tax, to date, are $71,900. Total Social Security tax = $ 4: Matthew Pugh earned gross pay of $840. Each period he designates 3% of gross pay for a dependent care flexible spending account. His current year taxable earnings for Social Security tax, to date, are $137,900. Total Social Security tax = $ ×