If Barry's gross income was $71,490 how much does he need to pay in taxes? Use the table and information below. Status: Single Dependent: 0 Deduction: Standard ($5700) Exemption(s): 1 ($3650 per exemption) Type your answer.....

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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At
least
But
less
than
Single
62,000
62,000 62.050 11,694
62,050 62,100 11,706
62,100 62.150 11,719
62,150 62,200 11,731
62,200 62,250 11,744
62.250 62,300 11,756
62.300 62.350 11,769
62.350 62.400 11,781
62.400 62,450 11,794
62,450 62.550 11,808
62.500
62,550
62,550 11,819
62,600 11,831
62.600 62,850 11,844
62.650 62,700 11,856
62.700 62.750 11,869
62.750 62,800 11,881
62.800 62.850 11,894
62 850 62.900 11,906
62,900 62,950 11,919
62,950 63,000 11,931
Married
filing
jointly
Married
filing
separately
Your tax is-
8.469
8,476
8.484
8,491
-
11,694 10,359
11,706 10,371
11,719
10,384
11,731 10,396
8.499
11,744
8,506 11,756
11,769
10,434
8,514
8,521 11,781 10,446
8,529 11,794
8,536 11,806
8,544
8,551
11,819
11,831
Head of a
household
8,589 11,894
8,596 11,906
8.604
8,611
11.919
11,931
10,409
10.421
8,559
11,844
10,509
11,856
10,521
8,566
8,574
11,869 10,534
8,581 11,881 10,546
10,459
10,471
10,484
10,496
10.559
10,571
10,584
10,596
If Barry's gross income was $71,490 how much does he need to pay in
taxes? Use the table and information below.
Status: Single
Dependent: 0
Deduction: Standard ($5700)
Exemption(s): 1 ($3650 per exemption)
Type your answer....
Transcribed Image Text:At least But less than Single 62,000 62,000 62.050 11,694 62,050 62,100 11,706 62,100 62.150 11,719 62,150 62,200 11,731 62,200 62,250 11,744 62.250 62,300 11,756 62.300 62.350 11,769 62.350 62.400 11,781 62.400 62,450 11,794 62,450 62.550 11,808 62.500 62,550 62,550 11,819 62,600 11,831 62.600 62,850 11,844 62.650 62,700 11,856 62.700 62.750 11,869 62.750 62,800 11,881 62.800 62.850 11,894 62 850 62.900 11,906 62,900 62,950 11,919 62,950 63,000 11,931 Married filing jointly Married filing separately Your tax is- 8.469 8,476 8.484 8,491 - 11,694 10,359 11,706 10,371 11,719 10,384 11,731 10,396 8.499 11,744 8,506 11,756 11,769 10,434 8,514 8,521 11,781 10,446 8,529 11,794 8,536 11,806 8,544 8,551 11,819 11,831 Head of a household 8,589 11,894 8,596 11,906 8.604 8,611 11.919 11,931 10,409 10.421 8,559 11,844 10,509 11,856 10,521 8,566 8,574 11,869 10,534 8,581 11,881 10,546 10,459 10,471 10,484 10,496 10.559 10,571 10,584 10,596 If Barry's gross income was $71,490 how much does he need to pay in taxes? Use the table and information below. Status: Single Dependent: 0 Deduction: Standard ($5700) Exemption(s): 1 ($3650 per exemption) Type your answer....
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