Andrea has a taxable income of $46,760 and does not have a spouse. What is Andrea's gross tax payable for the year ending 30 June 2022? Group of answer choices
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- Determine the taxable amount of social security benefits for the following situations. If an amount is zero, enter "$0".a. Erwin and Eleanor are married and file a joint tax return. They have adjusted gross income of $36,000, no tax-exempt interest, and $12,400 of Social Security benefits. As a result, $ of the Social Security benefits are taxable.b. Assume Erwin and Eleanor have adjusted gross income of $12,000, no tax-exempt interest, and $16,000 of Social Security benefits. As a result, $ of the Social Security benefits are taxable.c. Assume Erwin and Eleanor have adjusted gross income of $85,000, no tax-exempt interest, and $15,000 of Social Security benefits. As a result, $ of the Social Security benefits are taxable.he Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction (LO 1.3, 1.5, 1.8) Marco and Tatiana are married and file separate returns for 2020. Tatiana itemizes her deductions on her return. Marco's adjusted gross income was $18,000, his itemized deductions were $2,400. Neither have any dependents. Table for the standard deduction Filing Status Standard Deduction Single $12,400 Married, filing jointly 24,800 Married, filing separately 12,400 Head of household 18,650 Qualifying widow(er) 24,800 Click here to access the tax tables. Calculate Marco's income tax liability assuming the couple does not live in a community property state.Determine Amy’s taxable income for 2019 if she has $40,000 of salary income, is single, and claims the standard deduction Required Determine Amy’s income tax liability for 2019.
- Individuals If taxable income is over: $ 0 $ 9.950 $ 40,525 $ 86,375 $ 86,375 $164,925 $523,600 But not over: $164,925 $209,425 $209,425 $523,600 If taxable income is over: $ 9.950 $ 40.525 $ 0 $ 19,900 But not $628,300 Schedule X-Single over: $ 19,900 $ 81,050 $ 81,050 $172,750 $172,750 $329,850 $329,850 $418,850 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) $418,850 $628,300 The tax is: 10% of taxable income $995 plus 12% of the excess over $9.950 $4,664 plus 22% of the excess over $40.525 $14,751 plus 24% of the excess over $86,375 $33,603 plus 32% of the excess over $164,925 $47,843 plus 35% of the excess over $209,425 $157,804.25 plus 37% of the excess over $523,600 2021 Tax Rate Schedules The tax is: 10% of taxable income $1,990 plus 12% of the excess over $19,900 $9,328 plus 22% of the excess over $81,050 $29,502 plus 24% of the excess over $172,750 $67,206 plus 32% of the excess over $329,850 $95,686 plus 35% of the excess over $418,850 $168.993.50 plus 37% of the…William is not married, nor does he have any dependents. He does not itemize deductions. His taxable income for 2022 was $87,000 and his regular tax was $14,763. His AMT adjustments totaled $130,000. Required: What is William's AMT for 2022? William's AMT for 2022Which of the following taxpayers is required to file a 2023 federal income tax return? Mateo (48) and Esperanza (44), married filing jointly, gross income $27, 250. Beth (48), qualifying surviving spouse, gross income $28, 250. Claire (64), single, gross income $12,550. Cody (65), single, gross income $15, 525.
- Wanda, a single taxpayer, has alternative minimum taxable income of $149,200 for 2020. Her regular tax is $9,000. What is Wanda's alternative minimum tax for 2020? TAX ACCOUNTING (Options w/ amounts in $) A 15,050 B 308 C 0 D 10,838Asha had taxable income (after deduction of her personal allowance) of £25,000 of non-savings income in 2023/24. Her husband, Tony, had no income during 2023/24, and he makes an election to transfer £1,260 of his personal allowance to Asha in 2023/24. What is Asha's income tax liability for 2023/24? £ ___________________Brian and Kim have a 12-year-old child, Stan. For 2018, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500. Click here to access the income tax rate schedules. If Stan’s parents elected to report Stan’s income on his parents’ return, what would the tax on Stan’s income be?$
- In 2023, Jack, age 12, has interest income of $6,540 on funds he inherited from his aunt and no earned income. He has no investment expenses. Christian and Danielle (his parents) have taxable income of $88,150 and file a joint return. Assume that no parental election is made. Click here to access the 2023 tax rate schedule. If required, round the tax computations to the nearest dollar. Jack's net unearned income is Jack's allocable parental tax is Jack's total tax isSubject :- AccountRoss is single with an adjusted gross income of $73,100, and he uses the standard deduction for single filers. After first finding his taxable income, calculate his tax liability (in $).