Taxable Income $0-$50,000 Marginal Tax Rate 15% $50,001 - $75,000 25% $75,001 - $100,000 34% $100,001 - $335,000 39% $335,001-$10,000,000 34% $10,000,001 - $15,000,000 35% $15,000,001 - $18,333,333 38% Over $18,333,333 35% (Click on the icon in order to copy its contents into a spreadsheet.)

Use the 2016 marginal tax rates to compute the tax owed by the following person. A married woman filing separately with a taxable income of $198,000. i Click the icon to view the 2016 marginal tax rates. THE The tax owed is $ (Type an integer or a decimal. Round to the nearest cent as needed.)

STEN Rate 10% 12% 22% 24% 32% 35% 37% Single Single Tax Rates $0-$9,875 $9,875 - $40,125 $40,125-$85,525 $85,525-$163,300 $163,300 $207,350 $207,350-$518,400 $518,400 or more Standard Deductions $12,400 Married Filing Jointly $0-$19,750 $19,750-$80,250 $80,250-$171,050 $171,050-$326,600 $326,600-$414,700 $414,700-$622,050 $622,050 or more Married Filing Jointly Find Martin's taxable income. Round to the nearest cent. $1674.50 Martín is a 30-year-old, full-time college student sharing rent with a roommate who is filing separately from Martin. Martin made $15,600 at his part-time job in 2020. He does not have any adjustments or itemized deductions. $24,800 Martín qualifies for a $17 earned income tax credit. Compute Martín's tax owed. Round to the nearest cent. $ Suppose Martin's W-2 says that he paid $390 in taxes in 2020. Does Martín owe taxes, or is he due a refund? O Has to pay O Refund Calculate Martin's taxes owed or refund. Round your answer the nearest cent. S

Individual Taxpayers Income Tax Bracket ($) 0 - 9,700 9,701 - 39,475 39,476- 84,200 84,201 - 160,725 160,726 - 204,100 204,101 - 510,300 510,301 - 10% within bracket $970+ 12% within bracket $4,543 + 22% within bracket |$14,382.50 +24% within bracket $32,738.50 +32% within bracket $46,628.50 +35% within bracket Taxes Owed $153,798.50 +37% within bracket TABLE 2: 2019 tax brackets Exercise 3: Your income is $2,500,000 (2.5 million dollars) a) Compute your federal income tax b) Compute your effective tax rate

Subject: accounting

Q9. Pertinent information for two alternatives A and B is shown below. If i=10%/year and the effective income tax rate is 35%, answer the following true/false questions. Alt. A Alt.B   Basis, $ 150,000 225,,000 Gross Income (GI), $ 100,000 100,000 Operating Expense (OE), $ 30,000 10,000 Salvage Value, $ 15,000 22,500 MARCS Depreciation Method ADS-6: Years Recovery Period GDS: 5-Years Recovery Period The TI (taxable income) of Alt. B at the end of year 1 is $45,000. Group of answer choices True False

Status Single     DATA TABLE             Total Tax Payments  $                   8,342         Taxable Income  $            55,060.00     20,000           30,000   Total Tax  $                   7,972     40,000               Refund Amount                       Amount Owed           Use Goal Seek to find the Taxable Income (C5) that results in the Total Tax (C7) shown.   Answer to the nearest 0.01. Do not include any punctuation ($ or ,) in your answer! Example of accepted answer: 12345.67Examples of incorrect answers: $12,345.67, 12,345.67, $12345.67   Taxable Income      Total Tax  Answer $2,600 Answer $4,200 Answer $8,500 Answer $10,500 Answer $22,000 Be sure to answer to the neared 0.01.

Taxable Income (income tax brackets) Tax rates 15% on the first $50,197 of taxable income, plus20.5% on the next $50,195 of taxable income (on the portion of taxable income over 50,197 up to $100,392), plus 26% on the next $55,233 of taxable income (on the portion of taxable income over $100,392 up to $155,625), plus 29% on the next $66,083 of taxable income (on the portion of taxable income over 155,625 up to $221,708), plus 33% of taxable income over $221,708 a) Danny had a taxable income of $126,500. How much federal income tax should he report? (assuming tax rates remain the same) b) Danny expects his taxable income to increase by 25%. How much federal tax should he expect to pay the following year (assuming tax rates remain the same).

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Years Revenue Cash Expense Book Depreciation Book Income Pre-Tax Book Tax at 32% After Tax Book Income Financial Measures Profit Margin % Net Assets ROA % Cashflow Revenue Cash Expense Tax Depreciation Pretax Income Tax at 32% After Tax Income After Tax Cashflow Cumulative Cashflow Payback Period Present Worth 10 PW12 PW15 IRR PV Index(15) Facility Cost Income Tax Rate 0 C. -9.5 d. -12.4 $ 100,000.00 2.2 Years 91740.92679 0.395702526 1 0.684350818 $ 100,000.00 32% $30,000.00 $100,000.00 $120,000.00 $140,000.00 $150,000.00 $150,000.00 $50,000.00 $60,000.00 $70,000.00 $75,000.00 $75,000.00 2 $20,000.00 $20,000.00 $20,000.00 $20,000.00 $20,000.00 $0.20 $20,400.00 $27,200.00 $0.26 $9,600.00 $12,800.00 $16,000.00 $17,600.00 $17,600.00 $20,400.00 ($100,000.00) $40,400.00 $51,040.00 ($100,000.00) -$59,600.00 -$8,560.00 $40,000.00 $50,000.00 $55,000.00 $55,000.00 $0.23 3 $0.45 $36,727.27 $80,000.00 $60,000.00 $40,000.00 $20,000.00 $0.85 $1.87 4 $19,040.00 5 $34,000.00 $37,400.00 $0.24…