In: Accounting
Use Tax table and tax rate schedule as of september 2019
Determine the amount of tax liability in each of the following instances:
Use the appropriate Tax Tables and Tax Rate Schedules.
(For all requirements, use the Tax Tables for taxpayers
with taxable income under $100,000 and the Tax Rate Schedules for
those with taxable income above $100,000.)
a. A married couple filing jointly with taxable income of
$33,091.
b. A married couple filing jointly with taxable income of $193,759.
(Round your intermediate computations to 2 decimal places and final
answer to the nearest dollar amount.)
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c. A married couple filing separately, one spouse with taxable income of $43,985 and the other with $56,318.
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d. A single person with taxable income of $79,536.
e. A single person with taxable income of $300,025. (Round your
intermediate computations to 2 decimal places and final answer to
the nearest dollar amount.)
f. A head of household with taxable income of $96,692.
g. A qualifying widow with taxable income of $15,710.
h. A married couple filing jointly with taxable income of
$11,316.
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