Determine the amount of the child tax credit in each of the following cases: a. A single parent with modified AGI of $214,200 and one child age 4. b. A single parent with modified AGL of $78,800 and three children ages 7, 9, and 12. c. A married couple, filing jointly, with modified AGI of $408,733 and two children age 14 and 16. d. A married couple, filing jointly, with modified AGI of $132,855 and one child, age 13. Child Tax Credit Allowed

Use the 2015 tax table to find the income tax for a taxpayer with taxable income of $25,156 filing as single. Use the 2015 tax table to find the income tax for a taxpayer with taxable income of $69,633 filing as married filing jointly.

Haresh

L. A. and Paula file as married taxpayers. In August of this year, they received a $5,200 refund of state income taxes that they paid last year. How much of the refund, if any, must L. A. and Paula include in gross income under the following independent scenarios? Assume the standard deduction last year was $25,100. Note: Leave no answer blank. Enter zero if applicable. Required: a. Last year L. A. and Paula had itemized deductions of $19,200, and they chose to claim the standard deduction. b. Last year L. A. and Paula claimed itemized deductions of $31,400. Their itemized deductions included state income taxes paid of $7,500 and no other state or local taxes. c. Last year L. A. and Paula claimed itemized deductions of $27,600. Their itemized deductions included state income taxes paid of $10,500, which were limited to $10,000 due to the cap on state and local tax deductions.

Determine the amount of the child tax credit in each of the following cases: > Answer is complete but not entirely correct. a. A single parent with modified AGI of $214,600 and one child age 4. b. A single parent with modified AGI of $79,200 and three children ages 7, 9, and 12. c. A married couple, filing jointly, with modified AGI of $409,133 and two children age 14 and 16. d. A married couple, filing jointly, with modified AGI of $133,255 and one child, age 13. Child Tax Credit Allowed $ $ $ $ 1,250 ✓✔ 9,600 X 3,544 x 3,000

Problem 9-55 (LO 9-5) Determine the amount of the child tax credit in each of the following cases: a. A single parent with modified AGI of $213,400 and one child age 4. b. A single parent with modified AGI of $78,000 and three children ages 7, 9, and 12. c. A married couple, filing jointly, with modified AGI of $407,933 and two children age 14 and 16. d. A married couple, filing jointly, with modified AGI of $132,055 and one child, age 13. Child Tax Credit Allowed

use the marginal tax rates in the table below to compute the tax owed in the following situation.   Winona and Jim are married filing​ jointly, with a taxable income of ​$288,000. They are entitled to a ​$6000 tax credit.   Solve. The tax owed is $.   enter your response here. Tax Rate Married filing jointly ​10% up to​ $18,650 ​15% up to​ $75,900 ​25% up to​ $153,100 ​28% up to​ $233,350 ​33% up to​ $416,700 ​35% up to​ $470,700 ​39.6% above​ $470,700 Standard deduction ​$12,700 Exemption ​(per person) ​$4050

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Scott and Bonnue, married taxpayers, earn $258,000 in taxable income and $7,700 in interest from an investment in City of Tampa bonds. Using the 2023 U.S. tax rate schedule for married filing jointly, answer the following question regarding their tax rates. How much federal tax will the owe? Blank 1 Blank 1 Add your answer

Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability for the following taxpayers. Name Filing Status Taxable Income Tax Liability 10. Rua Head of Household $175,800 $36,554 11. Dylewski Married, Jointly $52,500 ANSWER$5,919 12. Williams Single $61,300 blank 2 13. Cabral Married, Separately $185,188 ANSWER$40,949.66