Explanation Given Information: The Person Dylewski has filed as a filing of marriage jointly with the taxable income of $121,430. Calculation: Taxable income is defined as the income to which tax rates are functional in order to discover the total amount of tax payable for the year. Tax table is defined as the table which is used to find the income tax whose earnings are more than $100,000. The followings steps are used to calculate Step 1: The Person Dylewski has filed as a filing of marriage jointly and in the tax computation sheet, this category is under section B. Step 2: Reading down the table EXHIBIT 18-4 for taxable income. The taxable income of Dylewski is in the range Atleast $100,000 but not over $148,850

8th Edition

ISBN: 9781305888715

Author: Brechner

Publisher: CENGAGE LEARNING - CONSIGNMENT

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Chapter 18.III, Problem 16RE

To determine

To calculate: The tax liability for the tax payer Dylewski whose taxable income is $121,430.

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Chapter 18 Solutions

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The tax liability for the tax payer Dylewski whose taxable income is $121,430.

Solution Summary: The author explains how to calculate the tax liability for the person Dylewski whose taxable income is 121,430.

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To calculate: The tax liability for the tax payer Dylewski whose taxable income is $121,430.

Chapter 18 Solutions