Determine Joy's income tax each year from 2020 through 2024, assuming her only income is her $175,000 annual salary, her itemized deductions are $22,500 annually, and she has not remained. Assume that the tax rate schedules and standard deduction amounts for 2020 also apply in subsequent years. The son was born on April 15, 2007, is Joy's dependent each year, and lives with Joy fro all of each year.

Determine Joy's income tax each year from 2020 through 2024, assuming her only income is her $175,000 annual salary, her itemized deductions are $22,500 annually, and she has not remained. Assume that the tax rate schedules and standard deduction amounts for 2020 also apply in subsequent years. The son was born on April 15, 1996, is Joy's dependent each year, and lives with Joy fro all of each year.
 

   

 

 

 

Transcribed Image Text:

2020 2021 2022 2023 2024 Gross tax Net tax 2020 2021 2022 2023 2024 Gross tax Net tax

Answer rating: 100% (QA)

Calculation of joys income tax for the years 2020202120222023202... View the full answer