Find the amounts as indicated. The letter following the name indicates the marital status, and all married people are filing jointly. Use $4050 for each personal exemption; a standard deduction of $6300 for single people, $12,600 for married people filing jointly, $6300 for married people filing separately, and $9300 for head of a household; and the following tax rate schedule.             MARRIED FILING JOINTLY Taxable Income   Find the Tax ​ $0 -​ $18,550 ​10% ​ $18,551 -​ $75,300 ​$1,855 plus​ 15% of the amount over​ $18,550 ​ $75,301 -​ $151,900 ​$10,367.50 plus​ 25% of the amount over​ $75,300 ​ $151,901 -​ $231,450 ​$29,517.50 plus​ 28% of the amount over​ $151,900 ​ $231,451 -​ $413,350 ​$51,791.50 plus​ 33% of the amount over​ $231,450 ​ $413,351 -​ $466,950 ​$111,818.50 plus​ 35% of the amount over​ $413,350 ​ $466,951 or more ​$130,578.50 plus​ 39.6% of the amount over​ $466,950   45)   Name: The Edwards, M Number of Exemptions: 3 Adjusted Gross Income: $100,248 Total Deductions: $12,703 Taxable Income: ? Tax Owed: ?

For each of the following taxpayers, indicate the filing status for the taxpayer(s) for 2023 using the following legend: A - Single B- Married filing a joint return D Head of household E-Surviving spouse [qualifying widow(er)] C- Married filing separate returns

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

The table below shows a certain state's income tax rates for individuals filing a return. Complete parts (A) through (D below. SINGLE, MARRIED FILING SEPERATELY, OR HEAD OF HOUSEHOLD SINGLE, MARRIED FILING SEPERATELY, OR HEAD OF HOUSEHOLD Over $0 $12,500 $50,000 But Not Over $12,500. $50,000 Tax Due Is 4% of taxable income $500.00 plus 6.25% of excess over $12,500 $2843.75 plus 6.5% of excess over $50,000 (A) Write a piecewise definition for T(x), the tax due on a taxable income of x dollars. if 0≤x≤12,500 T(x)= if 12,500 x≤50,000 if 50,000 < x (Use integers or decimals for any numbers in the expressions.)

A married couple with 4 children is filing taxes jointly. They have a gross income of $436,202, and they made the following tax-deductible purchases: • Charitable contributions: $6,826 • Medical expenses: $2,712 • Mortgage interest: $5,973 Compute their final income tax using the following information: Married Individuals Filing Joint Returns and Surviving Spouses If Taxable Income Is Between: The Tax Due Is: 0- $19,750 10% of taxable income $19,751 - $80,250 $1,975 + 12% of the amount over $19,750 $80,251 - $171,050 $9,235 + 22% of the amount over $80,250 $171,051 - $326,600 $29,211 + 24% of the amount over $171,050 $326,601 - $414,700 $66,543 + 32% of the amount over $326,600 $414,701 - $622,050 $94,735 + 35% of the amount over $414,700 $622,051 $167,307.50 + 37% of the amount over $622,050 Round your answer to the nearest dollar. Recall the standard deduction for married filers: $24,800

Using the married filing jointly status and their income and expense​ statement, calculate the 2017 tax liability for Shameka and Curtis Williams.​ First, use the standard​ deduction, and then use the following itemized​ deductions: Income     Expenses   Earned income ​$48,000.00   Home mortgage interest ​$7,800.00 Interest income 1,600.00   Real estate and state income taxes 3,850.00       Miscellaneous deductions 550.00   Explain to the Williams which method they should use and why.   Shameka and​ Curtis' total gross income for the 2017 tax year is ​$____________. ​(Round to the nearest​ cent.)

A married couple filing jointly have a combined total adjusted grossincome of $110,000. They have computed that their allowableitemized deductions are $5000. Compute their federal income tax.

As a tax return preparer for The Fernando Rodriguez Tax & Accounting Service, you have been asked to calculate the missing information for one of the firm's tax clients. The following table gives the standard deduction for various filing statuses. Standard Deductions Single or married filing separately $12,000 Married filing jointly or surviving spouse $24,000 Head of household $18,000 65 or older and/or blindand/or someone else canclaim you (or your spouseif filing jointly) as a dependent: Varies(See www.irs.gov for information.) Using the standard deduction table above, complete the following table (in $).   Name Filing Status Income Adjustments toIncome Adjusted GrossIncome StandardDeduction ItemizedDeductions TaxableIncome Campbell Married filingjointly $58,320 $1,560 $ $     $5,910 $ When finding your client's taxable income, which deduction did you use?

Use the chart below to answer the question. Married Filing Jointly and Widow(er) Tax Rate Single Married Filing Separately Head of Household 10% $1 - $9075 $1 - $18,150 $1 - $9075 $1 - $12,950 15% $9076 - $36,900 $18,151 - S73,800 $9076 - $36,900 $12,951 - $49,400 259 S36,901 - S89,350 S73,801 - S148,850 $36,901 - $74,425 $49,401 - $127,550 28% S89,351 - $186,350 $148,851 - $226,850 $74,426 - $113,425 $127,551 - $206,600 33% $186,351 - $405,100 S226,851 - $405,100 $113,426 - $202,500 $206,601 - $405,100 35% $405,101 - $406,750 $405, 101 - $457,600 $202,551 - $228,800 $405,101 - S432,200 39.6% over $406,750 over $457,600 over $228,800 over $432,200 Calculate the tax a person who files single would pay if their salary was $62,562. Round to the nearest penny.

is single and had an adjusted gross income of ​$36,100. Use the given tax table to complete parts​ (a) through​ (d).   Tax Rate Single Married Filing Jointly Married Filing Separately Head of Household 10​% up to ​$9950 up to ​$19,900 up to ​$9950 up to ​$14,200 12​% up to ​$40,525 up to ​$81,050 up to ​$40,525 up to ​$54,200 22​% up to ​$86,375 up to ​$172,750 up to ​$86,375 up to ​$86,350 24​% up to ​$164,925 up to ​$329,850 up to ​$164,925 up to ​$164,900 32​% up to ​$209,425 up to ​$418,850 up to ​$209,425 up to ​$209,400 35​% up to ​$523,600 up to ​$628,300 up to ​$314,150 up to ​$523,600 37​% above ​$523,600 above ​$628,300 above ​$314,150 above ​$523,600 Standard Deduction ​$12,550 ​$25,100 ​$12,550 ​$18,800       Question content area bottom Part 1 a. Determine the person​'s taxable income. Assume the standard…