1. You are given with the following table for 2020 personal income taxes - Marginal Tax Rate Single $0-$9,075 $9,076 - $36,900 Married $0 - $18,150 10% 15% $18,151 $73,800 25% $36,901 - $89,350 $73,801 - $148,850 28% 35% $89,351 $186,350 $186,351 + $148,851 $226,850 $226,850 + a Assume you will be single in 2020 and you are expecting your total salary to be $85,000. What is the total taxable amount that you will pay? b What is the average tax rate for you as a single earning $85,000 (5) (2)

1. You are given with the following table for 2020 personal income taxes - Marginal Tax Rate Single $0-$9,075 $9,076 - $36,900 Married $0 - $18,150 10% 15% $18,151 $73,800 25% $36,901 - $89,350 $73,801 - $148,850 28% 35% $89,351 $186,350 $186,351 + $148,851 $226,850 $226,850 + a Assume you will be single in 2020 and you are expecting your total salary to be $85,000. What is the total taxable amount that you will pay? b What is the average tax rate for you as a single earning $85,000 (5) (2)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Using the 2019 marginal tax rates provided in the table below, find the marginal and average tax rates for the incomes shown. Give all answers decimals. Taxable Incorne Tax rate $0-$9,700 10% $9,701-$39,475 12 $39,476-$84,200 22 $84,201-160,725 24 $160,726-$204,100 32 $204,101-$510,300 Over $510,300 37 1st attempt Part 1 What would be your federal income tax if your taxable income was $113,000.00? $ What is the average tax rate for $113,000.00 in taxable income? 58 Part 2. How much tax would you owe if your income increased by $25,000 to $138,000.00? $ What would be your average tax rate with $138,000.00 of taxable income? 90 N
人 Use the 2020 Federal Tax Rates for Individuals to calculate the estimated taxes for a taxable income of $22,700. Tax rate 10% 2020 Federal Tax Rates for Individuals Taxable Income Bracket $0 to $9875 12% $9876 to $40,125 22% $40,126 to $85,525 24% $85,526 to $163,300 32% $163,301 to $207,350 35% $207,351 to $518,400 37 % $518,401 or more
Given that your gross income for 2020 was $180,000 and your taxable income was $140,000. Calculate: a. the marginal tax rate b. the average tax rate c. the effective tax rate. SHOW WORK
1. Assume that you have 100,000 TL annual income which is subject to a progressive taxation. Calculate your annual tax according to the information given below. Tax brackets Tax Rate 0-9,400TL 15 % 9,400-25,000 25 % 25,000-35,000 35 % 35,000 and above 45 %
Refer to the following table to answer the following questions: 2012 Federal Income Tax Brackets Taxable Income Tax Rate 10 percent $0-$8,700 $8,701-$35,350 15 percent 25 percent $85,651-$178,650 28 percent $178,651-$388,350 33 percent 35 percent $35,351-$85,650 Over $388,350 Using the table, what is the total payroll tax bill (assume zero state and local income taxes) for someone who makes $67,000 per year? O $5.125.50 O $17.905.25 O $23,030.75 O $16.933.75 O $13.751.25
Subject : Accounting Use the 2021 marginal tax rates to compute the tax owed by the person with the given filing status, taxable income, and tax credit. Single with a taxable income of $17,000 and a $2,000 tax credit Tax Rate Single 10% up to $9,950 15% $9,951 to $40,525 The tax owed is _____ dollars. (Type an integer or a decimal, Round to the nearest cent as needed.)
Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals. Taxable Income Tax rate $0-$9,700 10% $9,701-$39,475 12 $39,476-$84,200 22 $84,201-160,725 24 $160,726-$204,100 32 $204,101-$510,300 35 Over $510,30O 37 8th attempt O See Hint If you have a taxable income of $363,020.00, what is your top marginal tax rate? 35 total tax bill?S average tax rate?
Using the following table, calculate the taxes for an individual with taxable income of $25,800. 10% Up to $9,875 12% $9,876–$40,125 22% $40,126–$85,525 24% $85,526–$163,300 32% $163,301–$207,350 35% $207,351–$518,400 37% Over $518,401
(5) Applying the following hypothetical Federal Income Tax Rate Table, for a Single Tax-Filer earning $100,000 annually, calculate the following (Show your Calculations): a) Total Tax Due? b) Marginal Tax Rate? c) Effective Tax Rate?
Use the following tax table to determine how much income tax is paid on 512500 of taxable income. Single Taxable Income Tax Brackets and Rates, 2017 Rate Taxable Income Bracket 10% $0 to $9,325 15% $9,325 to $37,950 25% $37,950 to $91,900 28% $91,900 to $191,650 33% $191,650 to $416,700 35% $416,700 to $418,400 39.60% $418,400+
Use the following tax table to determine how much income tax is paid on 915000 of taxable income. Total Paid = $ Rate 10% 15% 25% 28% 33% 35% 39.60% Taxable Income Bracket $0 to $9,325 $9,325 to $37,950 $37,950 to $91,900 $91,900 to $191,650 $191,650 to $416,700 $416,700 to $418,400 $418,400+ Single Taxable Income Tax Brackets and Rates, 2017
The tax rates are as shown below: Taxable Income Tax Rate $0 - 50,000 50,001 - 75,000 75,001 100,000 100,001 - 335,000 The taxable income is $80,500. How much additional tax will you owe if you increase your taxable income by $21,700? 15% 25% 34% 39%

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