Explanation Given Information: The tax on a taxable income of $ 152 , 783 for a married taxpayer, who is filing jointly. And refer the table ‘2015 Tax computation’ from the book. Formula used: The formula to calculate the tax on the taxable incomefor a married taxpayer, who is filing jointlywhich falls in the range, over $ 151 , 200 but not over $ 230 , 450 is: Tax = ( Taxable income × 0 .28 ) − $ 12,948 .50 Calculation: Consider the tax on a taxable income of $ 152 , 783 for a married taxpayer, who is filing jointly. And consider the table ‘2015 Tax computation’ from the book. According to the table.‘2015 Tax computation’. It shows that the taxable income $ 152 , 783 falls in the range, over $ 151 , 200 but not over $ 230 , 450

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ISBN: 8220103632072

Author: NOBLE

Publisher: Pearson Education (US)

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Chapter 20.3, Problem 3-1SC

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To calculate: The tax on a taxable income of $152,783 for a married taxpayer, who is filing jointly.

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Chapter 20.3, Problem 2-4SC

Chapter 20.3, Problem 3-2SC

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Ch. 20.1 - Prob. 1-1SC Ch. 20.1 - Prob. 1-2SC Ch. 20.1 - Prob. 1-3SC Ch. 20.1 - Prob. 1-4SC Ch. 20.1 - Prob. 1-5SC Ch. 20.1 - Prob. 1-6SC Ch. 20.1 - Prob. 2-1SC Ch. 20.1 - Prob. 2-2SC Ch. 20.1 - Prob. 2-3SC Ch. 20.1 - Prob. 2-4SC

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The tax on a taxable income of $ 152 , 783 for a married taxpayer, who is filing jointly.

Solution Summary: The author explains the formula used to calculate the tax on a taxable income of 152,783 for married taxpayers, who are filing jointly.

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To calculate: The tax on a taxable income of $152,783 for a married taxpayer, who is filing jointly.

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