During 2020, Mr. Kind, a resident of Alberta has a taxable income of $89,023. Calculate his 2020 Federal Tax Payable before consideration of credits based on the 2020 tax table: Taxable income in Excess of Federal Tax Marginal Rate on Excess 0 0 15% 48,535.00 7,280.00 20.50% 97,069.00 17,230.00 26% ( Note: Round your answer to the nearest whole number. No $ sign, no comma or nor decimal is required. e.g. 12084;)   Type out the correct answer ASAP with proper explanation of it.will gives you thumbs up only for the correct answer. Thank you

Jacob has $180,000 of self-employment earnings from a sole proprietorship. Jacob's self-employment tax for 2022 is (Round your intermediary and final answers to the nearest dollar.) a. $23,049. b. $25,433. c. $27,540. d. $23,448.

Despite obtaining an extension to file his tax return, Albert Einstein filed his 2023 tax return late on November 27, 2024. He paid the tax due at this time as well. His return showed a taxable income of $175,235. His filing status is head of household.   A.) Calculate his 2023 federal income tax liability.   B.) He had federal taxes withheld during 2023 of $10,000. Identify what penalties he owes, if any, and how much each penalty would be.   C.) What is his marginal tax rate?

3. Mr. So filed his 2022 income tax return on June 30, 2023. The BIR discovered a deficiency income tax on August 15, 2024. When should the deficiency tax assessment be served? a. On or before August 15, 2027 b. On April 15, 202 c. On or before June 30, 2026 d. On or before April 15, 2026

Yanni, who is single, provides you with the following information for 2023: Salary State income taxes Mortgage interest expense on principal residence Charitable contributions Interest income a. Yanni's taxable income: Click here to access the exemption table. If required, round your answers to the nearest do Compute the following: b. Yanni's AMT base: c. Yanni's tentative minimum tax: LA $ SA $103,000 10,300 9,270 S 2,060 1,545 10,370 X 0 X

I need help with b, c, and d.

Required information [The following information applies to the questions displayed below.] Steve's tentative minimum tax (TMT) for 2023 is $245,000. Note: Leave no answer blank. Enter zero if applicable. a. What is his AMT if his regular tax is $230,000? Alternative minimum tax

Question 1 (Marks - 10) Calculate Total Assessable Income, Taxable Income, Tax Liability, Student loan (HECS), Medicare Levy, and Medicare Levy Surcharge if applicable, for the taxpayer (Susanne) with the information below: • Susanne is a single and an Australian resident plans to lodge a tax return for the tax year 2020 - 2021. • Her total taxable income is $90,000 (Including tax withheld). • She does not have private health insurance. • Susanne has a student loan HECS outstanding for her previous study at Sydney University of $53,000. • Her employer pays superannuation guarantee charge of 9.5% on top of her salary to her nominated fund. • Susanne earned a passive income of $10,000 from the investments in shares in the same tax year.

Determine from the tax table the amount of the income tax for each of the following taxpayers for 2020: Taxpayer(s) Filing Status Taxable Income   Income Tax Allen Single $ 30,000   $______________________ Boyd MFS 34,545   $______________________ Caldwell MFJ 55,784   $______________________ Dell H of H 67,450   $______________________ Evans Single 75,000   $______________________

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