Essay
Using the appropriate tax tables or tax rate schedules,determine the amount of tax liability in each of the following instances.All answers should be rounded to the nearest dollar.
1.A single person with taxable income of $103,500.
2.A married couple filing jointly with taxable income of $37,700.
3.A head of household with taxable income of $87,925.
4.A person filing married filing separately with taxable income of $64,000.
5.A married couple filing jointly with taxable income of $144,600.
Correct Answer:
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1.$21,962.($103,500 - 91,900)× 28% plus ...View Answer
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