Use the 2016 marginal tax rates to compute the tax owed by a married couple filing jointly with a taxable income of $302,000 and a $8,000 tax credit .

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Determine the amount of the child tax credit in each of the following cases: > Answer is complete but not entirely correct. a. A single parent with modified AGI of $214,600 and one child age 4. b. A single parent with modified AGI of $79,200 and three children ages 7, 9, and 12. c. A married couple, filing jointly, with modified AGI of $409,133 and two children age 14 and 16. d. A married couple, filing jointly, with modified AGI of $133,255 and one child, age 13. Child Tax Credit Allowed $ $ $ $ 1,250 ✓✔ 9,600 X 3,544 x 3,000

Use the 2016 FICA tax​ rates, shown​ below, to answer the following question. If a taxpayer is not​ self-employed and earns $137,000​, what are the​ taxpayer's FICA​ taxes?   ​Employee's Rates   Matching Rates Paid by the Employer   ​Self-Employed Rates ​7.65% on first​ $118,500 of income   ​1.45% of income in excess of​ $118,500   ​7.65% on first​ $118,500 paid in wages   ​1.45% of wages paid in excess of​ $118,500   ​15.3% on first​ $118,500 of net profits   ​2.9% of net profits in excess of​ $118,500 FICA taxes are ?$

use the marginal tax rates in the table below to compute the tax owed in the following situation.   Winona and Jim are married filing​ jointly, with a taxable income of ​$288,000. They are entitled to a ​$6000 tax credit.   Solve. The tax owed is $.   enter your response here. Tax Rate Married filing jointly ​10% up to​ $18,650 ​15% up to​ $75,900 ​25% up to​ $153,100 ​28% up to​ $233,350 ​33% up to​ $416,700 ​35% up to​ $470,700 ​39.6% above​ $470,700 Standard deduction ​$12,700 Exemption ​(per person) ​$4050

Use the 2016 marginal tax rates to compute the tax owed by a single woman with a taxable income of $64,000.

In 2021, Lisa and Fred, a married couple, had taxable income of $305,200. If they were to file separate tax returns, Lisa would have reported taxable income of $126,700 and Fred would have reported taxable income of $178,500. Use Tax Rate Schedule for reference. What is the couple’s marriage penalty or benefit?

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.)

The tax liability for a married couple with taxable income of $87,131 is: Use the appropriate Tax tables or Tax rate schedules. Multiple Choice O $14,475. $12,869 $10,015. None of these.

Please assist. Thank you much.