what would the average tax rate for a person who paid taxes of $6,435 on taxable income of $40,780?

Q: What is the amount of taxes for the head of a household with taxable income of $62,525

A: Taxable income refers Adjusted gross income (AGI) less (if any) any itemized deduction that is…

Q: Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases.…

A: The average tax rate represents the overall tax rate applicable to the taxable income. While the…

Q: What is the tax liability for a married couple with a taxable income of $92,225? What is the tax…

A: Tax rates for married couple: Tax rate                    Amount($) 10%…

Q: Chuck , a single taxpayer earns $81,400 in taxable income and $13,600 in interest from an investment…

A: As per the Honor code of Bartleby we are bound to give the answer of first three sub part only,…

Q: For the person​ below, calculate the FICA tax and income tax to obtain the total tax owed. Then find…

A: FICA Tax: FICA stands for Federal insurance contribution act. It is mandatory as per U.S law in…

Q: Use the 2016 marginal tax rates to compute the tax owed by the following person. A married man…

A: Use the third column (Married filing separately) for our computation :- Total income= $143,000.…

Q: What would be the marginal tax rate for a single person who has the following taxable income? 1.…

A: The income tax is levied based on the following slab: -

Q: meron is single and has taxable income of $93,656. Determine his tax liability using the tax tables…

A: Income tax: - Income tax is the tax that has to be paid to the income tax department by the…

Q: What are the tax rates for minors' unearned income? Select one: A. Nil for every $1 earned up to…

A: Children are taxed at higher rates on unearned income under rules which were introduced to…

Q: 2. Using the following Income Tax data, and given that your annual income is $ 85,000: a) Calculate…

A: ''Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Calculate the following taxpayers’ tax liabilities using 2021 tax rate  A single taxpayer had…

A: For the year 2021, Tax rates differes based on filing status of person. For single payers, tax rate…

Q: The income tax T owed in a certain state is a function of the taxable income I, both measured in…

A: Given , The equation of tax is as follows: T=0.13I-300…

Q: Using the following table, calculate the taxes for an individual with taxable income of $25,800.…

A: Tax is the amount of money paid by a tax payer to the appropriate tax authorities on the basis of…

Q: 1.2.11 Use the 2012 marginal tax rates to compute the tax owed by the following person. Round…

A: Given information is: A married couple jointly filing return with a taxable income of $296,000 and…

Q: Are the following required to file a federal income tax return? MFJ, husband aged 66, wife aged60,…

A: Filing a federal income tax return depends on the following factors:I) Filing statusII) Gross…

Q: 1. What does self assessment mean?

A: Self assessment refers to the act or the procedure of analysing as well as determining the actions…

Q: Given the following tax structure, what minimum tax would need to be assessed on Shameika to make…

A: Tax Rate=Total TaxTotal Salary×100

Q: What is the amount of the tax liability for a single person having taxable income of $59,200? Use…

A: Federal income tax As per IRS ,a taxpayer pays tax as a percentage of his/her income in layers…

Q: Ben Jefferson arrived at the following tax information: Gross salary, $41,780 Interest earnings,…

A: Taxable income is the part of the income of a firm which is subject to income tax. Taxes are levied…

Q: The amount of federal income taxes that you are required to pay is based on your filing status, your…

A: Taxable income refers to the income on which the taxpayer is liable to pay the desired tax as stated…

Q: Use the 2016 marginal tax rates to compute the tax owed by the following person. A married man…

A: A tax is a governmental organization's mandatory financial obligation or other form of levy enforced…

Q: Calculate the Federal and Provincial Income Tax for an individual who’s single with no kids and has…

A: calculation of final tax payable for this individual are as follows

Q: What if someone made 130,000 in 2019 what is their total fica wages to be taxed?

A: FICA stands for FEDERAL INSURANCE CONTRIBUTIONS ACT, this act require employees and employers to…

Q: A married man filing separately with a taxable income of $160,000. i Click the icon to view the 2016…

A: The incremental income is subject to the marginal tax rate. It is often referred to as the…

Q: Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases.…

A: Income tax liability is the amount of tax that an individual or entity owes to the government based…

Q: How did you determine the federal income tax amount?

A: The federal income tax is the tax which is payable over the taxable income of the person and this is…

Q: Given the following tax structure, what minimum tax would need to be assessed on Sham with respect…

A: In a progressive tax, the tax rate rises as taxable income increases.People with greater salaries…

Q: Which of the following is the tax rate for Social Security? 10.1 % 6.2% 13.7 % 4.5%

A: The objective of the question is to identify the correct tax rate for Social Security among the…

Q: What would be the average tax rate for a married couple with income of $90,500? What would be the…

A: Tax Brackets are used to calculate the income tax liability based on the taxable income of taxpayers…

Q: If John earned $645.90 in gross pay what would he pay in state tax?

A: gross pay = $ 645.90

Q: minimum tax would need to be assessed on Shameika to make the tax progressive with respect to…

A: Progressive tax system is under which person with higher income pays higher and person with lower…

Q: What would be the tax liability for a single taxpayer who has a gross income of $55,300 (use the…

A: It is the amount that every person who comes under different tax brackets must pay and that amount…

Q: How did you get $12,974.50 for the Marginal tax rate part?

A: Marginal tax rate is the percentage tax paid on each additional dollar of income earned. In other…

Q: Chuck, a single taxpayer, earns $75, 400 in taxable income and $10, 200 in interest from an…

A: Tax refers to the amount charged by the government to the individual or organization on the income…

Q: What is the tax liability for a single person with taxable income of $27,880? What is the tax…

A: Tax liability for a single person with taxable income of $27,880 Taxable Income = $27,880   Tax…

Q: Using the percentage method, what is the amount of Oklahoma income tax withheld under each of these…

A: The amount of income tax withholding under the percentage method is calculated by looking for the…

Q: What is the amount of the tax liability for a single person having taxable income of $59,200? Use…

A: Appropriate Tax Tables and Tax Rate Schedules 2022:

Q: Consider gross earnings of $84,000. The standard deduction is $12,000 and itemized deduction is…

A: Taxable income is the income on which the tax rate is imposed. It is the income net off of the…

Q: What is the tax base for each of the following taxes? Income Tax GST FBT

A: Taxes are the amount of dues that is being payable to the government on account of income earned,…

Q: Compute the 2019 tax liability and the marginal and average tax rates for the following taxpayers…

A: Tax liability seems to be the sum of money owed to tax authorities within the manner of tax debt.…

Q: What are some of the other types of income that must be reported on an taxpayer's tax return? How is…

A: Taxable income is any remuneration received by a person or corporation that is utilized to evaluate…

Q: Given the following tax structure, what minimum tax would need to be assessed on Shameika to make…

A: In a progressive tax, the tax rate raises as taxable income increases. People with greater salaries…

Q: Which one of the following amounts represents the maximum amount that you may deduct for moving…

A: Moving expenses: These are the expenses associated related to your moving your household’s goods and…

Q: Assume for tax year 2022, your adjusted gross income is equal to $110,000. You will file your…

A: Adjusted gross income is after deduction of certain adjustments Taxable income = AGI - standard…

Q: Timmy Tappan is single and had $189,000 in taxable income. Use the rates from Table 2.3. a.…

A: The taxpayer is required to pay taxes if income is taxable. The tax liability depends upon the…