Using the appropriate tax tables or tax rate schedules, determine the amount of tax liability in each of the following instances. Please use the 2020 Tax year a. A married couple filing jointly with taxable income of $32,991. b. A married couple filing jointly with taxable income of $192,257. c. A married couple filing separately, one spouse with taxable income of $43,885 and the other with $56,218. d. A single person with taxable income of $79,436. e. A single person with taxable income of $297,784. f. A head of household with taxable income of $96,592. g. A qualifying widow with taxable income of $14,019. h. A married couple filing jointly with taxable income of $11,216.

Yanni, who is single, provides you with the following information for 2023: Salary State income taxes Mortgage interest expense on principal residence Charitable contributions Interest income a. Yanni's taxable income: Click here to access the exemption table. If required, round your answers to the nearest do Compute the following: b. Yanni's AMT base: c. Yanni's tentative minimum tax: LA $ SA $103,000 10,300 9,270 S 2,060 1,545 10,370 X 0 X

Which of the following taxpayers does not have to file a tax return for 2018? a.A single taxpayer who is under age 65, with income of $13,500. b.Married taxpayers (ages 45 and 50 years), filing jointly, with income of $26,000. c.A student, age 22, with unearned income of $2,500 who is claimed as a dependent by her parents. d.A qualifying widow (age 67) with a dependent child and income of $18,800. e.All of these choices are correct.

Haresh

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

Determine from the tax table the amount of the income tax for each of the following taxpayers for 2020: Taxpayer(s) Filing Status Taxable Income   Income Tax Allen Single $ 30,000   $______________________ Boyd MFS 34,545   $______________________ Caldwell MFJ 55,784   $______________________ Dell H of H 67,450   $______________________ Evans Single 75,000   $______________________

Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability for the following taxpayers. Name Filing Status Taxable Income Tax Liability 10. Rua Head of Household $175,800 $36,554 11. Dylewski Married, Jointly $52,500 ANSWER$5,919 12. Williams Single $61,300 blank 2 13. Cabral Married, Separately $185,188 ANSWER$40,949.66

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.)

What would be the marginal and average tax rates for a married couple with taxable income of $89,600? For an unmarried taxpayer with the same income? Use Table 3.7. (Do not round intermediate calculations. Enter the marginal tax rate as a percent rounded to 1 decimal place. Enter the average tax rate as a percent rounded to 1 decimal place.) a. What would be the marginal tax rate for a married couple with income of $89,600? Marginal tax rate for a married couple b. What would be the average tax rate for a married couple with income of $89,600? Average tax rate for a married couple % Marginal tax rate for an unmarried taxpayer c. What would be the marginal tax rate for an unmarried taxpayer with income of $89,600? % Average tax rate for an unmarried taxpayer % d. What would be the average tax rate for an unmarried taxpayer with income of $89,600? %

Use the tax table to determine each of the following values if your adjusted gross income is $20,000. Your tax liability if you are filing single using the standard deduction of $12,500 and have no adjustments, itemized deductions, or tax credits. Your tax liability if you are filing single using the standard deduction of $12,500, have a child tax credit of $500 and no other adjustments, deductions or credits.