Given the following information, determine the adjusted cash balance per books; Balance per books as of June 30 Outstanding checks $8,800 600 NSF check returned with bank statement 130 Deposit mailed the afternoon of June 30 300 Check printing charges 30 Interest earned on checking account 40 Adjusted cash balance per books $

Compute the 2023 tax liability and the marginal and average tax rates for the following taxpayers. Click here to access the 2023 tax rate schedule. If required, round the tax liability to the nearest dollar. When required, round the average rates to four decimal places before converting to a percentage (i.e., .67073 would be rounded to .6707 and entered as 67.07%). a. Chandler, who files as a single taxpayer, has taxable income of $167,400. Tax liability: Marginal rate: Average rate: Marginal rate: % b. Lazare, who files as a head of household, has taxable income of $67,200. Tax liability: Average rate: % % %

E9.7(a,b2)

33 34