Mr. Jacob Marley is single with no children and takes the standard deduction and one exemption. If Mr. Marley makes $81400 each year, about how much annual take-home pay does Mr. Marley have if only Federal taxes are deducted from his paycheck?
Mr. Jacob Marley is single with no children and takes the standard deduction and one exemption. If Mr. Marley makes $81400 each year, about how much annual take-home pay does Mr. Marley have if only Federal taxes are deducted from his paycheck?
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter3: Preparing Your Taxes
Section: Chapter Questions
Problem 6FPE
Related questions
Question
Mr. Jacob Marley is single with no children and takes the standard deduction and one exemption. If Mr. Marley makes $81400 each year, about how much annual take-home pay does Mr. Marley have if only Federal taxes are deducted from his paycheck?
![O MATH-102-M001: Q x
A MATH-102-M001: Q X
9 Tax Information
* Log In | Course Hero x
O [ Helping ] Course H X
b Homework Help and X
+
ロ
A iscontent.byu.edu/Canvas/MATH-102/MATH-102-M001/HTML/TaxInformationPage.html
Update :
Tax Information
Tax Rates
TAX
SINGLE, MARRIED AND
FILING SEPARATELY
MARRIED AND FILING
RATE
JOINTLY
10%
$0 to $9,275
$0 to $18,550
15%
$9,276 to $37,650
$18,551 to $75,300
25%
$37,651 to $91,150
$75,301 to $151,900
28%
$91,151 to $190,150
$151,901 to $231,450
33%
$190,151 to $413,350
$231,451 to $413,350
35%
$413,351 to $415,050
$413,351 to $466,950
39.6%
$415,051 and up
$466,951 and up
Deductions
SINGLE STANDARD TAX
MARRIED, FILING JOINTLY STANDARD
Tax DEDUCTION
DEDUCTION
$6,300
$12,600
Exemptions
PERSONAL EXEMPTION AMOUNT
$4,050
Donalties
10:47 PM
O Type here to search
へ G )
4/25/2021](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcf665e47-fcb0-4dd1-bdf0-1b2edc0f455a%2F129ac2c9-8c04-4d19-8930-df8cc35c795d%2Fllc81y8_processed.png&w=3840&q=75)
Transcribed Image Text:O MATH-102-M001: Q x
A MATH-102-M001: Q X
9 Tax Information
* Log In | Course Hero x
O [ Helping ] Course H X
b Homework Help and X
+
ロ
A iscontent.byu.edu/Canvas/MATH-102/MATH-102-M001/HTML/TaxInformationPage.html
Update :
Tax Information
Tax Rates
TAX
SINGLE, MARRIED AND
FILING SEPARATELY
MARRIED AND FILING
RATE
JOINTLY
10%
$0 to $9,275
$0 to $18,550
15%
$9,276 to $37,650
$18,551 to $75,300
25%
$37,651 to $91,150
$75,301 to $151,900
28%
$91,151 to $190,150
$151,901 to $231,450
33%
$190,151 to $413,350
$231,451 to $413,350
35%
$413,351 to $415,050
$413,351 to $466,950
39.6%
$415,051 and up
$466,951 and up
Deductions
SINGLE STANDARD TAX
MARRIED, FILING JOINTLY STANDARD
Tax DEDUCTION
DEDUCTION
$6,300
$12,600
Exemptions
PERSONAL EXEMPTION AMOUNT
$4,050
Donalties
10:47 PM
O Type here to search
へ G )
4/25/2021
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Pfin (with Mindtap, 1 Term Printed Access Card) (…](https://www.bartleby.com/isbn_cover_images/9780357033609/9780357033609_smallCoverImage.jpg)
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
![Excel Applications for Accounting Principles](https://www.bartleby.com/isbn_cover_images/9781111581565/9781111581565_smallCoverImage.gif)
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
![Pfin (with Mindtap, 1 Term Printed Access Card) (…](https://www.bartleby.com/isbn_cover_images/9780357033609/9780357033609_smallCoverImage.jpg)
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
![Excel Applications for Accounting Principles](https://www.bartleby.com/isbn_cover_images/9781111581565/9781111581565_smallCoverImage.gif)
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning