Question

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 amount.)**

c. A married couple filing jointly with AGI of $39,945 and two dependents.

d. A married couple filing jointly with AGI of $162,288 and
three dependents. **(Round your intermediate computations to
2 decimal places and final answer to the nearest dollar
amount.)**

e. A married couple filing jointly with AGI of $301,947 and one
dependent. **(Round your intermediate computations to 2
decimal places and final answer to the nearest dollar
amount.)**

f. A taxpayer filing married filing separately with AGI of $68,996 and one dependent.

g. A qualifying widow, age 66, with AGI of $49,240 and one dependent.

h. A head of household with AGI of $14,392 and two dependents.

I. A head of household with AGI of $59,226 and one dependent.

**(For all requirements, use the Tax Tables for taxpayers
with taxable income under $100,000 and the Tax Rate Schedules for
those with taxable income above $100,000.)**

I do know answer b is $31,994

answer d is $22,052.

I don't know any of the others

Answer #1

Hi

Let me know in case you face any issue:

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 taxpayer filing married filing separately with AGI of $68,996
and one dependent.
A qualifying widow, age 66, with AGI of $49,240 and one
dependent.
A head of household with AGI of $14,392 and two
dependents.
A head of household with AGI of $59,226 and...

Taxable Income and Tax Liability Calculations (LO. 6)
Total income
$118,000
Excludable income
2,000
Deductions for adjusted gross income
2,500
Deductions from adjusted gross income
8,000
(Hint: The standard deduction for married
filing jointly is $24,400.)
Do not round intermediate computations. Round the final
tax liability to the nearest cent. Refer to the tax rate schedule
to calculate the following.
Based on the above information, for a couple filing jointly,
their adjusted gross income (AGI) is $; taxable income is...

Calculate the 2017 AMT exemption amount for the following cases
for a married taxpayer filing jointly, and a married taxpayer
filing separately.
Case
AMT
1
$150,000
2
$300,000
3
$800,000
Click here to access the exemption table. Do not round
computations, but round your final amounts to the nearest dollar.
For each case above, compute the AMT exemption for 2017. Note: If
an amount is zero, enter a "0". Do not round your intermediate
computations and round your final answer...

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?

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?

#49 – Eric is single and has no dependents for 2019. He earned
$60,000 and had deductions from gross income of $1,800 and itemized
deductions of $12,400. Compute Eric’s income tax for the year using
the Tax Rate Schedules.
#50 – Allen has taxable income of $75,475 for 2019. Using the
Tax Rate Schedules in the Appendix, compute Allen’s income tax
liability before tax credits and prepayments for each of the
following filing statuses.
Married filing jointly
Married...

Preston and Anna are engaged and plan to get married. Preston is
a full-time student and earns $8,500 from a part-time job. With
this income, student loans, savings, and nontaxable scholarships,
he is self-supporting. For the year, Anna is employed and reports
$68,600 in wages.
Click here to access the standard deduction table to use. Click
here to access the Tax Rate Schedules. If an amount is zero, enter,
"0". Do not round your intermediate computations. Round your final
answer...

Use the Tax Computation Worksheet, Exhibit 18-4, to calculate
the tax liability for the following taxpayer earning $100,000 or
above. Round your answer to the nearest cent.
Click here for Exhibit 18-4
Name
Filing
Status
Taxable
Income
Tax
Liability
Cabral
Head of
household
$185,188
$

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....

Trey has two dependents, his daughters, ages 14 and 17, at
year-end. Trey files a joint return with his wife. What amount of
child credit will Trey be able to claim for his daughters under
each of the following alternative situations? Use Exhibit 8-8.
EXHIBIT 8-8 Child Tax Credit Phase-Out
Threshold
Filing Status
Phase-Out Threshold
Married filing jointly
$400,000
Married filing separately
200,000
Head of household and single
200,000
b. His AGI is $420,000.
c. His AGI is $420,100, and...

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