Table 8.1 2021 Marginal Tax Rates and Standard Deductions Unmarried, divorced, or legally separated Married and each partner files a separate tax return Married and both Unmarried and paying mare partners file a single tax return than half the cost of supporting a child or parent Married Filing Tax Rate Single Separately 10% up to $9950 up to $9950 up to $19,900 Married Filing Jointly Head of Household up to $14,200 12% $9951 to $40,525 $9951 to $40,525 $19,901 to $81,050 $14,201 to $54,200 22% $40,526 to $86,375 $40,526 to $86,375 $81,051 to $172,750 $54,201 to $86,350 24% $86,376 to $164,925 $86,376 to $164,925 $172,751 to $329,850 $86,351 to $164,900 32% $164,926 to $209,425 $164,926 to $209,425 $329,851 to $418,850 $164,901 to $209,400 35% $209,426 to $523,600 $209,426 to $314,150 $418,851 to $628,300 $209,401 to $523,600 37% more than $523,600 more than $314,150 more than $628,300 more than $523,600 Standard Deduction $12,550 $12,550 $25,100 $18,800
Table 8.1 2021 Marginal Tax Rates and Standard Deductions Unmarried, divorced, or legally separated Married and each partner files a separate tax return Married and both Unmarried and paying mare partners file a single tax return than half the cost of supporting a child or parent Married Filing Tax Rate Single Separately 10% up to $9950 up to $9950 up to $19,900 Married Filing Jointly Head of Household up to $14,200 12% $9951 to $40,525 $9951 to $40,525 $19,901 to $81,050 $14,201 to $54,200 22% $40,526 to $86,375 $40,526 to $86,375 $81,051 to $172,750 $54,201 to $86,350 24% $86,376 to $164,925 $86,376 to $164,925 $172,751 to $329,850 $86,351 to $164,900 32% $164,926 to $209,425 $164,926 to $209,425 $329,851 to $418,850 $164,901 to $209,400 35% $209,426 to $523,600 $209,426 to $314,150 $418,851 to $628,300 $209,401 to $523,600 37% more than $523,600 more than $314,150 more than $628,300 more than $523,600 Standard Deduction $12,550 $12,550 $25,100 $18,800
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Unmarried head of household with two dependent children
Gross Income: $70,000
Adjustments: $2,000
Deductions:
$10,000 mortgage interest
$2500 property taxes
$1200 charitable contributions
Tax Credit: None
I. Find the Adjusted Gross Income.
II. Find the Taxable Income.
III. Find the tax owed
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