Calculate the tax for each taxable income of a head of household. a. $400,000 b. $10,954 c.
Question:
Calculate the tax for each taxable income of a head of household.
a. $400,000
b. $10,954
c. $108,962
d. $209,850
Transcribed Image Text:
Schedule Z-If your filing status is Head of household If your taxable income is: Over- $0 13,150 50,200 129,600 209,850 411,500 439,000 But not over- $13,150 50,200 129,600 209,850 411,500 439,000 The tax is: 10% $1,315.00+ 15% 6,872.50 + 25% 26,722.50 +28% 49,192.50 +33% 115,737.00 + 35% 125,362.00+ 39.6% of the amount over- $0 13,150 50,200 129,600 209,850 411,500 439,000
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ANSWER Using Schedule Z for Head of Household we can calculate the tax for each taxable income as fo...View the full answer
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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