Antonio is single, earned wages of $44,700, received $1500 in interest from a savings account, contributed $3300 to a tax-deferred retirement plan, and took the standard deduction. Fin gross income, adjusted gross income, and taxable income. Tax Rate 10% 12% 22% 24% 32% 35% 37% Standard Deduction Single up to $9950 up to $40,525 up to $86,375 up to $164,925 up to $209,425 up to $523,600 above $523,600 $12,550 Married Filing Jointly up to $19,900 up to $81,050 up to $172,750 up to $329,850 up to $418,850 up to $628,300 above $628,300 $25,100 Married Filing Separately up to $9950 up to $40,525 up to $86,375 up to $164,925 up to $209,425 up to $314,150 above $314,150 $12,550 Antonio's gross income was $. (Simplify your answer.) Antonio's adjusted gross income was $. (Simplify your answer.) Antonio's taxable income was $ (Simplify your answer.) Head of Household up to $14,200 up to $54,200 up to $86,350 up to $164,900 up to $209,400 up to $523,600 above $523,600 $18,800 ...

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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K
@
W
S
F2
Antonio is single, earned wages of $44,700, received $1500 in interest from a savings account, contributed $3300 to a tax-deferred retirement plan, and took the standard deduction. Fin-
gross income, adjusted gross income, and taxable income.
Tax Rate
10%
12%
22%
24%
32%
35%
37%
Standard
Deduction
#3
E
Single
up to $9950
up to $40,525
up to $86,375
up to $164,925
up to $209,425
up to $523,600
above $523,600
$12,550
Antonio's gross income was $
(Simplify your answer.)
Antonio's adjusted gross income was $. (Simplify your answer.)
Antonio's taxable income was $ (Simplify your answer.)
D
80
F3
$
4
Married Filing
Jointly
up to $19,900
up to $81,050
up to $172,750
up to $329,850
up to $418,850
up to $628,300
above $628,300
$25,100
F4
R
F
07 dº
%
5
F5
Married Filing
Separately
up to $9950
up to $40,525
up to $86,375
up to $164,925
up to $209,425
up to $314,150
above $314,150
$12,550
T
G
6
F6
Y
Head of
Household
up to $14,200
up to $54,200
up to $86,350
up to $164,900
up to $209,400
up to $523,600
above $523,600
$18,800
H
&
7
8
F7
U
C...
* 00
8
J
DII
F8
(
9
K
DD
F9
O
)
O
L
7
F10
P
4)
F11
+ 11
{
Next
F12
11
Transcribed Image Text:K @ W S F2 Antonio is single, earned wages of $44,700, received $1500 in interest from a savings account, contributed $3300 to a tax-deferred retirement plan, and took the standard deduction. Fin- gross income, adjusted gross income, and taxable income. Tax Rate 10% 12% 22% 24% 32% 35% 37% Standard Deduction #3 E Single up to $9950 up to $40,525 up to $86,375 up to $164,925 up to $209,425 up to $523,600 above $523,600 $12,550 Antonio's gross income was $ (Simplify your answer.) Antonio's adjusted gross income was $. (Simplify your answer.) Antonio's taxable income was $ (Simplify your answer.) D 80 F3 $ 4 Married Filing Jointly up to $19,900 up to $81,050 up to $172,750 up to $329,850 up to $418,850 up to $628,300 above $628,300 $25,100 F4 R F 07 dº % 5 F5 Married Filing Separately up to $9950 up to $40,525 up to $86,375 up to $164,925 up to $209,425 up to $314,150 above $314,150 $12,550 T G 6 F6 Y Head of Household up to $14,200 up to $54,200 up to $86,350 up to $164,900 up to $209,400 up to $523,600 above $523,600 $18,800 H & 7 8 F7 U C... * 00 8 J DII F8 ( 9 K DD F9 O ) O L 7 F10 P 4) F11 + 11 { Next F12 11
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