Walter earned $85,000 taxable income last yearWhat is his effective tax rate (round to two decimal placesNOT INCLUDE % IT IS 9.87% WRITE 9.87)

A single person with taxable income of $36090 will have the first $9525 of that income taxed at 10%. Determine the taxes owed on just the first $9525.

Paul is head of household with taxable income of $ 68500 He has a $ 7000 entitled tax credit  His tax bracket is 15 % up to earning $ 50,800 Standard deduction is $ 9350 exemption is $ 4050 per person  what is his tax owed

Bob Brain files a single tax return and decides to itemize his deductions. Bob's income for the year consists of $75,300 of salary, $2,850 long-term capital gain, and $1,650 interest income. Bob's expenses for the year consist of $770 in investment advice fees and $235 in tax return preparation fees. What is Bob's investment expense deduction? Multiple Choice $0 $770 $235 $1,005 None of the choices are correct.

28. Using the tax table provided, compute the income tax due for Susie and Josh Adams whose taxable income for the past year is $181,050. Income Tax Not Of the Amount Over The Tax is: Over Over $- $19,750 $0 10% $- + 19,750 80,250 1,975 12% 19,750 80,250 171,050 9,235 22% 80,250 + 171,050 326,600 29,211 + 24% 171,050 326,600 414,700 66,543 + 32% 326,600 414,700 622,050 94,735 + 35% 414,700 622,050 167,308 + 37.0% 622,050

Chuck, a single taxpayer, earns $78,400 in taxable income and $13,800 in interest from an investment in City of Heflin bonds. A. If Chuck earns an additional $40,000 of taxable income, what is his marginal tax rate on this income? B. What is his marginal rate if, instead, he had $40,000 of additional deductions?

G15. Adela and James are married and file tax returns jointly. Last year Adela earned $45,500 and James earned $44,700 in wages.A dditional tax information for the year is as follows: Interest earned: $1,200, State and local income taxes paid: $4,230, mortgage interest: $6,200, contributions to charity: $1,400, contributions to retirement plans: $3,350.F rom this information, calculate their taxable income (in $).

If Bob Joe has a total earnings of $2080.00 for dec 20th, XXXX. He is Married with 3 with holding allowances, what is the federal income tax deduction using the percentage method?

Cop

John Woods’ weekly gross earnings for the present week were $2,500. Woods has two exemptions. Using an $80 value for each exemption and the tax rate schedule below, what is Woods’ federal income tax withholding?  Single person (including head of household) If amount of wages (aftersubtractingwithholding allowance) is: The amount of income taxwithholding is:       Not over $43 $0         Over – But not over – of excess over – $43 –$222.......$0.00 plus 10% –$43 $222 –$767.......$17.90 plus 15% –$222 $767 –$1,796....$99.65 plus 25% –$767 $1,796 –$3,700....$356.90 plus 28% –$1,796 $3,700 –$7,992....$890.02 plus 33% –$3,700 $7,992  –$8,025....$2,306.38 plus 35%  –$7,992  $8,025 .................$2,317.93 plus 39.6% –$8,025 ​