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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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?
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9 Tax Information
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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
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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
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