Consider the following information concerning federal taxes for 2022: Tax Single Rate Filiers 10% $0 $ 10,275.00
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Question:
Consider the following information concerning federal taxes for 2022:
| Tax | Single | ||
| Rate | Filiers | ||
| 10% | $0 | $ 10,275.00 | |
| 12% | $ 10,276.00 | $ 41,775.00 | |
| 22% | $ 41,776.00 | $ 89,075.00 | |
| 24% | $ 89,076.00 | $ 170,050.00 | |
| 32% | $ 170,051.00 | $ 215,950.00 | |
| 35% | $ 215,951.00 | $ 539,900.00 | |
| 37% | $ 539,900.00 | and over | |
| Standard Ded | $ 12,950.00 | ||
The federal standard deduction is $12,950 . Determine how much Cindy owes in federal taxes if she is single and earned $84,600 in 2022.
Expert Answer:
Cindy would owe 1861950 in federal taxes for 2022 This is calculated by first ta... View the full answer
Related Book For 
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
