Question

a. What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $68,900 taxable income?

b. What are the tax liability, the marginal tax rate, and the average tax rate for a single individual with $214,200 taxable income?

c. What are the tax liability, the marginal tax rate, and the average tax rate for a head of household with $463,300 taxable income?

Answer #1

Tax Liability for the couples fillinf return jointly will be of $6383. The Average tax rate will be as 9.26% and the marginal tax rate will be 15%.

Tax Liability for the single individual having income of $214200 will be $51323 and the average rate is 23.96% and the marginal tax rate will be of 33%.

The tax Liability for head of house hold is calculated on the basis of 2 depenents therefore the tax $134506 and the average tax rate is 29.03% and marginal tax rate is 40%.

a. What are the tax liability, the marginal tax rate, and the
average tax rate for a married couple filing jointly with $68,900
taxable income?
b. What are the tax liability, the marginal tax rate, and the
average tax rate for a single individual with $214,200 taxable
income?
c. What are the tax liability, the marginal tax rate, and the
average tax rate for a head of household with $463,300 taxable
income?

Determine the tax liability for tax year 2019
in each of the following instances. In each case, assume the
taxpayer can take only the standard deduction.
Use the appropriate Tax Tables and Tax Rate Schedules.
a. A single taxpayer, not head of household, with AGI of $23,493
and one dependent.
b. A single taxpayer, not head of household, with AGI of
$169,783 and no dependents. (Round your intermediate
computations to 2 decimal places and final answer to the nearest
dollar...

Determine the tax liability, marginal tax rate, and average tax
rate (rounded to two decimal places) in each of the following
cases. Use the tax tables to determine tax liability.
Married taxpayers, taxable income of $38,862:
Liability = _________ Marginal = _________ Average = _________
Single taxpayer, taxable income of $61,229:
Liability = _________ Marginal = _________ Average = _________

Determine the tax liability, marginal tax rate, and average tax
rate in each of the following cases.
Use the appropriate 2019 Tax Tables and Tax Rate
Schedules.
Married taxpayers, who file a joint return, have taxable income
of $38,862.
Single taxpayer, has taxable income of $61,229.
(For all requirements, use the tax tables to compute tax
liability. Round "Average tax rate" to 2 decimal
places.)
Tax Liability Marginal Tax Rate Average Tax Rate
A. _________ _____________ % ______________ %
B....

Compute the 2017 tax
liability and the marginal and average tax rates for the following
taxpayers.
Click here to access
the 2017 tax rate schedule. If required, round the tax liability
the nearest dollar. When required, round the average rates to three
decimal places before converting to a percentage (i.e. .67073 would
be rounded to .671 and entered as 67.1%).
a.
Chandler, who files as a single taxpayer, has taxable income of
$118,600.
Tax liability:
$
Marginal rate:
%
Average...

Compute the 2019 Federal income tax liability and the marginal
and effective tax rates in each of the following independent
cases.
Click here to access the 2019 tax rate schedule. If required,
round the tax liability the nearest dollar. When required, round
the average rates to four decimal places before converting to a
percentage (i.e. .67073 would be rounded to .6707 and entered as
67.07%).
a. Chandler is single and reports taxable income of $149,000.
Tax liability: $ -- Marginal...

Determine marginal tax rate and average tax rate in each of the
following cases.
Single taxpayer, taxable income of $$35,438, tax liability of
$$4,057.
Married taxpayers, taxable income of $70,069, tax liability of
$8,021.

Calculate exact tax liability for 2014 for John and Marie, a
married couple, filing jointly with $275000 of taxable income

Use the 2016 marginal tax rates to compute the tax owed by the
following A married couple filing jointly with a taxable income of
$408,000 and a $6500 tax credit. The tax owed

Determine the tax liability, the marginal tax rate, and the
average tax rate for corporations with the following amounts of
taxable income:
a) $45,000 b) $250,000 C) $600,000

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