For what taxable income would a taxpayer have to pay $26,277.50 in taxes? Explain your reasoning. Schedule
Question:
For what taxable income would a taxpayer have to pay $26,277.50 in taxes? Explain your reasoning.
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
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
For a taxpayer with taxable income of 2627750 to pay 2627750 in taxes the taxpay...View the full answer
Answered By
Brian Otieno
I'm Brian , an experienced professional freelancer with countless hours of success in freelancing many subjects in different disciplines. Specifically, I have handled many subjects and excelled in many disciplines. I have worked on many Computer Science projects and have been able to achieve a lot in that field. Additionally, I have handled other disciplines like History, Humanities, Social Sciences, Political science, Health care and life science, and Religion / Theology. My experience generally in these subjects has made me able to deliver high-quality projects in a very timely fashion. I am very reliable at my job and will get the work done in time, no matter what. In Addition, I have managed to ensure that the work meets my client's expectations and does not cause an error. I am a hard-working and diligent person who is highly responsible for everything I do. Generally, Freelancing has made me more accountable for doing my job. Additionally, I have had a passion for writing for the last seven years in this field.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
For what taxable income would a taxpayer have to pay $5,975.00 in taxes? Explain your reasoning?
-
What incentive does a taxpayer have to disguise a property settlement as an alimony payment?
-
A single taxpayer has $15,000 of ordinary taxable income in 2013, a $9,000 long-term capital gain on the sale of an antique painting, a $10,000 unrecaptured Section 1250 gain on realty, and a $25,000...
-
Consider the Boolean function given below where X1, X2, X3, X4 and X5 are the attributes and Y is the class variable. Your task is to implement the neural network architecture and implement it for...
-
With the high cost of fuel and intense competition, the major airline companies have had a very difficult time financially in recent years. Many carriers are now charging for checked bags. One...
-
Diderot Stores Inc., which uses the conventional retail inventory method, wishes to change to the LIFO retail method beginning with the accounting year ending ?December 31, 2020. Amounts as shown...
-
If you were trying to examine this issue, how would you proceed? Any suggestions for me to take next steps? same. Is that what happened? You normally wouldnt borrow money from the company, would you?
-
RI, EVA, Measurement alternatives, Goal congruence. Renewal Resorts, Inc., operates health spas in Ft. Meyers, Florida, Scottsdale, Arizona, and Monterey, California. The Ft. Meyers spa was the...
-
x-5 and justify your answer. Respond in the space 3x-1 f(x)= Determine the range of provided below.
-
In Parts I and II of this case, you performed preliminary analytical procedures and assessed acceptable audit risk and inherent risk for Pinnacle Manufacturing. Your team has been assigned the...
-
Andres is taxed at a 17% tax rate for his federal taxes. Last year, he reduced his taxable income by contributing $350 per biweekly paycheck to his tax-deferred retirement account and $50 per...
-
Katrina is single with a taxable income for last year of $74,431. Her employer withheld $14,870 in federal taxes. a. Use the tax table from Example 2 earlier in this lesson to determine Katrinas tax....
-
Kitchener Corporation has followed IFRS and used the accrual basis of accounting for several years. A review of the records, however, indicates that some expenses and revenues have been handled on a...
-
Can productivity growth be lower in the next decades than it has been since the 1990s, as innovations linked to the new economy will probably suffer from diminishing returns?
-
Codelco, a state-owned Chilean group, is the worlds single biggest copper producer, producing about 1.76 million metric tons of copper a year. BHP Billiton, the Australian group, produces about 1.14...
-
Analysis takes place from a _________ perspective and design takes place from a _________ perspective. (a) User and Developer (b) Developer and User (c) User and Designer (d) Designer and Developer
-
SDLC stands for (a) Software design life cycle (b) Software development life cycle (c) System development life cycle (d) System design life cycle
-
During an interview with a reporter, former Microsoft CEO Steve Ballmer discussed the data compiled on the usafacts.org website. Ballmer asked if the reporter knew how many people the government...
-
Teachers' Retirement System of the City of New York offers several types of investments for its members. Among the choices are investments with fixed and variable rates of return. There are several...
-
In a certain school district, 3% of the faculty use none of their sick days in a school year. Find the probability that 5 faculty members selected at random used no sick days in a given year.
-
If the central-limit theorem holds, what proportion of the sample means should fall within 0.5 lb of the population mean (112.0 oz)? Obstetrics Figure 6.4b (p. 172) plotted the sampling distribution...
-
Answer Problem 6.52 for 1 lb rather than 0.5 lb? Obstetrics Figure 6.4b (p. 172) plotted the sampling distribution of the mean from 200 samples of size 5 from the population of 1000 birth-weights...
-
Calculate the large sample and bootstrap 95% CI for mean total fat, saturated fat, and alcohol intake based on the diet record from this population. Use 1000 bootstrap samples?
-
9. Solve the following linear system. y=5 3x+y=3 10. Solve this linear system, then check the solution. 2(x-4)+y=6 3x-2(y-3)= 13 11. Solve the following linear system. Check your solution x+3(3y+2)=2...
-
Suppose {rt} represents the continuously compounded weekly return on a stock such that each return is independently identically distributed as a normal distribution with mean 0.25% and standard...
-
The Horizons S&P/TSX Capped Energy Indexed fund was tumbling by 16.5% (per annum) such that: A(t) = A0 (10.165) 12t Where Ao is the (unknown) initially invested amount and t is the time of investment...
Study smarter with the SolutionInn App