Question

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. _________ _____________ % ______________ %

Answer #1

A) Calculation for tax liability

Range of taxable income | Tax Rate | Tax liability |

$ 0 to $ 19,400 | 10% | $ 1,940 |

$ 19,401 to $ 38,862 | 12% | $2,335.44 |

Tax liability = | $4,275.44 |

Marginal tax rate = 12% , because if net taxable income increase now by $ 1 then for it 12% tax to be paid.

Average tax rate = [Total tax liability / Total taxable income ] X 100%

Average tax rate = [ $ 4,275.44 / $ 38,862 ] X 100%

Average tax rate = 11.00 %

B) Calculation for tax liability

Range of taxable income | Tax Rate | Tax liability |

$ 0 to $ 9,700 | 10% | $ 970 |

$ 9,701 to $ 39,475 | 12% | $ 3,573 |

$ 39,476 to $ 61,229 | 22% | $4,785.88 |

Tax liability = | $9,328.88 |

Marginal tax rate = 22% , because if net taxable income increase now by $ 1 then for it 22% tax to be paid .

Average tax rate = [ Tax liability / Total taxable income ] X 100 %

Average tax rate = [ $ 9,328.88/ $ 61,229] X 100%

Average tax rate = 15.24 %

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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 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.

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...

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...

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...

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?

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...

single taxpayer taxable income $33862 find liability ,marginal
tax rate and average tax rate. use ftb tax table

Havel and Petra are married and will file a joint tax return.
Havel has W-2 income of $45,588, and Petra has W-2 income of
$47,229.
Use the appropriate 2019 Tax Tables and Tax Rate Schedules.
What is their tax liability using the Tax Tables?
What is their tax liability using the Tax Rate Schedule?
(Round your intermediate computations and final answer to 2
decimal places.)

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