Kana is a single wage earner with no dependents and taxable income of $168,700 in 2020. Her
Question:
Kana is a single wage earner with no dependents and taxable income of $168,700 in 2020. Her 2019 taxable income was $155,000 and tax liability was $31,375. Calculate the following (note: this question requires the use of the tax tables in Appendix A):
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Kana's 2020 income tax liability Kana's minimum required 2020 annual payment necessary to avoid penalty
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3499950 Kanas tax liability is 168700 163300 x 3...View the full answer
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Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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