Question: Check My Work eBook Do the Math 4-5 Use Tax Rate Schedule Carson Wentz, of Philadelphia, determined the following tax information: salary, $145,000; interest earned,

Check My Work eBook Do the Math 4-5 Use Tax RateCheck My Work eBook Do the Math 4-5 Use Tax Rate
Check My Work eBook Do the Math 4-5 Use Tax Rate Schedule Carson Wentz, of Philadelphia, determined the following tax information: salary, $145,000; interest earned, $2,000; qualied retirement plan contribution, $6,000; itemized deductions, $14,000. Filing single, calculate Carson's taxable income and tax liability. (Hint: Use Table 4-2.) Round your answer for taxable income to the nearest dollar and answer for tax liability to the nearest cent. Taxable income $ Tax liability $ Check My Work 0! Icon Key Jable 4-3 Tax Table* If Taxable Income Is Your Tax Is But Less At Least Than Single Married 14,300 14,350 1,525 1,433 14,350 14,400 1,531 1,438 17,800 17,850 1,945 1,783 22,850 22,900 2,551 2,357 30,900 30,950 3,517 3,323 43,100 43,150 5,346 4,787 43,150 43,200 5,357 4,793 50,050 50,100 6,875 5,621 50,100 50,150 6,886 5,627 56,000 56,150 8, 195 6,341 56,150 56,200 8,217 6,353 58, 150 58,200 8.657 6,593 58,800 58,850 8,800 6,671 58,850 58,900 8,811 6,677 66,450 66,500 10,483 7,589 66,500 66,550 10,494 7,595 70,000 70,050 11,264 8,015 70,050 70,100 11,275 8,021 74,150 74,200 12, 177 8,513 74,200 74,250 12,188 8,519 92,200 92,250 16,309 12,007 92,250 92,300 16,321 12,018 *These segments of the tax table are derived from the IRS tax-rate schedule illustrated in Table 4-2

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