Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer.NameFiling StatusTaxable IncomeTax LiabilityRuahead of household$195,200 webassign.netWA MAT 101 Final Exam Review -...A https://www.webassign.net/bre.b My Questions | bartlebyA Monthly Payments to Amortize...Phil Pittman Is Interested In A...C Alicia Wishes To Accumulate $...+Over $38,700 but not over $82,500$4,453.50 + 22% of the amount over $38,700Over $82,500 but not over $157,500$14,089.50 + 24% of the amount over $82,500Over $157,500 but not over $200,000$32,089.50 + 32% of the amount over $157,500Over $200,000 but not over $300,000$45,689.50 + 35% of the amount over $200,000Over $300,000$80,689.50 + 37% of the amount over $300,000Filing status: Head of householdTaxable incomeTaxAt least $0 but not over $13,60010% of the amount over $0Over $13,600 but not over $51,800$1,360 + 12% of the amount over $13,600Over $51,800 but not over $82,500$5,944 + 22% of the amount over $51,800Over $82,500 but not over $157,500$12,698 + 24% of the amount over $82,500Over $157,500 but not over $200,000$30,698 + 32% of the amount over $157,500Over $200,000 but not over $500,000$44,298 + 35% of the amount over $200,000Over $500,000$149,298 + 37% of the amount over $500,000

Rua is a head of household. Therefore the tax liability of Rua would be calculated on the basis slab…

Filing status: Head of household Taxable income Таx At least $0 but not over $13,600 10% of the amount over $0 Over $13,600 but not over $51,800 $1,360 + 12% of the amount over $13,600 Over $51,800 but not over $82,500 $5,944 + 22% of the amount over $51,800 Over $82,500 but not over $157,500 $12,698 + 24% of the amount over $82,500 Over $157,500 but not over $200,000 $30,698 + 32% of the amount over $157,500 Over $200,000 but not over $500,000 $44,298 + 35% of the amount over $200,000 Over $500,000 $149,298 + 37% of the amount over $500,000

Filing status: Head of household Taxable income Таx At least $0 but not over $13,600 10% of the amount over $0 Over $13,600 but not over $51,800 $1,360 + 12% of the amount over $13,600 Over $51,800 but not over $82,500 $5,944 + 22% of the amount over $51,800 Over $82,500 but not over $157,500 $12,698 + 24% of the amount over $82,500 Over $157,500 but not over $200,000 $30,698 + 32% of the amount over $157,500 Over $200,000 but not over $500,000 $44,298 + 35% of the amount over $200,000 Over $500,000 $149,298 + 37% of the amount over $500,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Name	Filing Status	Taxable Income	Tax Liability
Rua	head of household	$195,200

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