Jamie has taxable income of $103,890. She is single and her tax rates are 10% on the first $7,000 of taxable income, 15% of the amount over $7,000 up to $28,400 of taxable income, 25% of the amount over $28,400 up to $80,000, and 35% over $80,000. What is Jamie's average tax rate? (keep 4 decimal places)

Bill Blake pays a property tax of $2,500. In his community, the tax rate is 55 mills. What is Bill's assessed value? Round to the nearest dollar.

My daughter earns a salary of $40,800 per year, payable monthly. She is married and claims four withholding allowances. What is her federal income tax? Gross monthly is $3400

I need both answer please .....

es Chuck, a single taxpayer, earns $77,800 in taxable income and $11,500 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule.) Required: a. How much federal tax will he owe? b. What is his average tax rate? c. What is his effective tax rate? d. What is his current marginal tax rate? Complete this question by entering your answers in the tabs below. Required A Required B Federal tax Required C How much federal tax will he owe? Note: Do not round intermediate calculations. Round "Federal tax" to nearest whole dollar amount. $ Required D 12,424

Jorge and Anita, married taxpayers, earn $150,000 in taxable income and $40,000 in interest from an investment in City of Heflin bonds. Using the U.S. tax rate schedule for married filing jointly, how much federal tax will they owe? What is their average tax rate? What is their effective tax rate? What is their current marginal tax rate? Note: Round your percentage answers to 2 decimal places. Federal tax Average tax rate Effective tax rate Marginal tax rate % % % Schedule Y-1-Married Filing Jointly or Qualifying surviving spouse If taxable income is over: But not over: The tax is: $ 22,000 $ 89,450 $ 190,750 $364,200 $462,500 $ 693,750 $ 0 $ 22,000 $ 89,450 $ 190,750 $364,200 $ 462,500 $ 693,750 10% of taxable income $2,200 plus 12% of the excess over $22,000 $10,294 plus 22% of the excess over $89,450 $32,580 plus 24% of the excess over $190,750 $74,208 plus 32% of the excess over $364,200 $105,664 plus 35% of the excess over $462,500 $186,601.5 plus 37% of the excess over $693,750

Bob is single and his tax rates are 10% on the first $8375 of taxable income, 15% of the amount over $8375 up to $34,000 of taxable income and 25% on the remainder.  He has $61,090taxable income. What's his tax liability?

Elizabeth has three children ages 10, 17, and 19. All the children live with her, are full-time students, and claimed as dependents on her tax return. Elizabeth's AGI is $100,000 in 2023 and she files head of household. Her tax liability before the application of any credits is $8,400. What is the maximum Child Tax Credit she can claim on her 2023 tax return? $4.000 O $6,000 $2,000 $0

Felix and Freddie are married with annual taxable income of $230,000. They pay income tax according to the following schedule: over not tax rate 0 $43,850 15% $43,850 $105,950 ??? $105,950 $361,450 31% If the total personal income tax they pay is $58,695, which of the following comes closest to the tax rate for income between $43,850 and 105,950 (the middle tax rate)? Select one: a. 21% b. 24% c. 23% d. 22% e. 25%

Jamie has taxable income of $45,000. She is single, and her tax rate is 10% on the first $9,525 of the taxable income, 12% on the amount over $9,525 up to $38,700 of the taxable income, and 22% on the remainder. What are Jamie’s tax liability, marginal tax rate, and average tax rate? (Show all work. Round dollar amounts to the nearest cent and percentages to two decimal places.)