A. Tyrion Lannister, age 40, has Box 1 wages of $90,000 in 2021. Assume he will be
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A. Tyrion Lannister, age 40, has Box 1 wages of $90,000 in 2021. Assume he will be single all of 2021, no adjustments to gross income apply, he is a resident of the United States, and he has no itemized deductions. He had $14,000 withheld from his paychecks in 2021 for the federal income tax.
- What is his taxable income[1]? 76,000
- What tax table should be used? Schedule X, Single
- What is his tax bracket? 24%
- What is his federal income tax for 2021[2]?
B. Now instead assume that on Dec. 31, 2021, Tyrion marries Sansa Stark, age 16, who is also a resident of the United States, and has no wages, and also has no adjustments to gross income, and no itemized deductions.
- What is their total taxable income for 2021?
- What tax table should be used?
- What is their tax bracket for 2021?
- What is their federal income tax for 2021?
- Assume they file their tax return in April 2022. Will there be a refund or payment due?
- How much?
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