cludes $2,700 of dividends?
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Assume a single taxpayer is taxed at 10% on the first $9,875 of taxable income, 12% on the next $30,250 of income, and at 22% for the following $45,400 of income. What is the tax liability for a single individual with $55,500 of taxable income, which includes $2,700 of dividends?
Multiple Choice
$8,440.00
$9,126.25
$8,000.00
$9,873.50
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- PERSONAL TAXES Joe and Jane Keller are a married couple who file a joint income tax return, where the tax rates are based on the tax tables presented in the chapter. Assume that their taxable income this year was 165,000. a. What is their federal tax liability? b. What is their marginal tax rate? c. What is their average tax rate?PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates an? based on the tax tables presented in the chapter. Assume that their taxable income this year was 375,000. a. What is their federal tax liability? b. What is their marginal tax rate? c. What is their average tax rate?Lisa records nonrefundable Federal income tax credits of 65,000 for the year. Her regular income tax liability before credits is 190,000, and her TMT is 150,000. a. What is Lisas AMT? b. What is Lisas regular income tax liability after credits?
