What would be the marginal tax rate for a single person who has the following taxable income? 1. $35,310 2. $67,710 3. $87,000 4. $111,750
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What would be the marginal tax rate for a single person who has the following taxable income?
1. $35,310
2. $67,710
3. $87,000
4. $111,750
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The income tax is levied based on the following slab: -
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- If Ana chose to be taxed at an 8 percent rate, how much is her overall income tax? (based on the provided photo) P321,500 P342,500 P351,500 P358,0002. Determine from the tax table or the tax rate schedule, whichever is appropriated, the amount of the income tax for each of the following taxpayers for 2022. Taxpayer(s) Filling Status Single MFS Elisha Leo Tommy Emilia H of H Single Taxable Income Income Tax 74,580 $86,200 $20,350 $49,650 $ $ $123126. A married couple are calculating their federal income tax using the tax rate tables: Then Estimated Taxes Are If Taxpayer's Income Is Between So $16,700 $67,900 $137,050 $208,850 $372,950 But Not Over $16,700 $67,900 $137,050 $208,850 $372,950 Base TaxRate $0 10% $1,670.00 15% $9,350.00 25% $26,637.50 28% $46,741.50 33% $100,894.50 35% S0 $16,700 $67,900 $137,050 $208,850 $372,950 How much tax will they have to pay on their taxable income of $202,000? (4
- What is the after-tax cost in the following situations if the taxpayer has additional deductions as stated? Assume the taxpayer is in the 24% marginal tax bracket. (a) Deductible expense paid of $33,000. After-tax cost $Aida Hassen is single and earns $40,000 in taxable income. She uses the following tax rate schedule to calculate the taxes she owes. Up to $9,525 $9,525 $38,700 $38,700 - $82,500. $82,500 $157,500 What is Aida's marginal tax rate? Multiple Choice O O 10% 24% 22% 12% 10% 128 228 248What would be the marginal tax rate for a married couple with income of $90, 800 bWhat would be the average tax rate for married couple with income of $90, 800? What would be the marginal tax rate for an unmarried taxpayer with income of $ 90,800? What would be the average tax rate for an unmarried taxpayer with income of $90,800 ?
- Chuck, a single taxpayer, earns $75,600 in taxable income and $10,700 in interest from an investment in City of Heflin bonds. A.how much federal tax will he owe. B. What is his average tax rate? C. What is his effective tax rate? D. What is his current marginal tax rate?Using the tax table, determine the amount of taxes for the following situations: (Do not round intermediate calculations. Round your answers to 2 decimal places.) a. A head of household with taxable income of $59,500. Tax amount b. A single person with taxable income of $35,800. Tax amount c. Married taxpayers filing jointly with taxable income of $71,100. Tax amountTimmy Tappan is single and had $187,500 in taxable income. Use the rates from Table 2.3. a. Calculate his income taxes. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the marginal tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g., 32.) a. Income taxes b. Average tax rate c. Marginal tax rate % %
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