Kamryn Brown is single and earns $50,000 in taxable income and will use the following tax rate schedule to calculate the taxes he owes. 0-10,275 10% 10,276-41,775 12% 41,776-89,075 22% 89,076-170,050 24% Calculate the dollar amount of taxes that Kamryn owes. Select one: Oa. $2,737.66 O b. $6,616.66 O c. $10,000.00 O d. $17,587.66 e. $11,000

Jane Doe is single and claims 2 withholding allowances. If her weekly gross earning is $1,450, then determine the Federal Withholding Tax a. none of the cholices b.239.31 c.146.16 d.1000

Compute her income tax payable in her Annual ITR? a. 613,400 b. 638,400  c. 920,400 d. 628,200

Please answer these two questions correctly. Refer to Publication 15-T for answers

Manabhai

A woman is in the 15% tax bucket and itemizes her deductions. How much will her tax bill be reduced if she makes a$200 tax deductible contribution to charity A. $30 B. $200 C. $0 D. $170

Calculate the total tax​ (FICA and income​ taxes) owed by each individual in the following pair. Compare their overall tax rates. Assume that each individual is singleand takes the standard deduction. Use the tax rates in the table to the right and the special rates for the dividends and capital gains.   Pierre earned $140,000 in wages. Katarina earned ​$140,000​, all from dividends and​ long-term capital gains. Tax Rate   Single ​10%   up to​ $9325 ​15%   up to​ $37,950 ​25%   up to ​$91,900 ​28%   up to ​$191,650 ​33%   up to ​$416,700 ​35%   up to ​$418,400 ​39.6%   above ​$418,400 Standard deduction   ​$6350 Exemption ​(per person)   ​$4050 For​ 2017, the FICA tax rates were​ 7.65% on the first​ $127,200 of income from wages and​ 1.45% on any income from wages in excess of​ $127,200. The tax rates for​ long-term capital gains and dividends were​ 0% for income in the​ 10% and​ 15% tax​…

sch.3

Mrs. Nunn, who has a 24 percent marginal tax rate on ordinary income, earned $3,670 interest on a debt instrument this year. Required: Compute her federal income tax on this interest assuming that the debt instrument was: Note: For all requirements, round your final answers to the nearest whole dollar amount. Leave no cells blank - be certain to enter "0" wherever required. a. An unsecured note from her son, who borrowed money from his mother to finance the construction of his home. b. A certificate of deposit from a federal bank. c. A 30-year General Electric corporate bond. d. A U.S. Treasury note. e. A City of Memphis municipal bond. a. Federal income tax b. Federal income tax c. Federal income tax d. Federal income tax e. Federal income tax Amount

The Chungs are married with one dependent child. They report the following information for 2022: Schedule C net profit $ 66,650 Interest income from certificate of deposit (CD) 2,100 Self-employment tax on Schedule C net profit 9,418 Dividend eligible for 15% rate 12,000 Lila Chung's salary from Brants Company 75,000 Dependent care credit 500 Itemized deductions 27,000 Required: Compute AGI, taxable income, and total tax liability (including self-employment tax). Assume that Schedule C net profit is qualified business income (non-service income) under Section 199A. Assume the taxable year is 2022. Use Individual Tax Rate Schedules and Standard Deduction Table. Note: Do not round intermediate computations. Round your final answers to the nearest whole dollar amount.