Determine the tax liability for tax year $2023$ in each of the following instances. In each case, assume the taxpayer can take only the standard deduction.

Use the Tax Tables for taxpayers with taxable income under $$100,000$ and the Tax Rate Schedules for those with taxable income above $$100,000.$

Required:

A single taxpayer, not head of household, with AGI of $$24,593$ and one dependent.

A single taxpayer, not head of household, with AGI of $$186,305$ and no dependents.

Note: Round your intermediate calculations to $2$ decimal places and final answer to the nearest dollar amount.

A married couple filing jointly with AGI of $$41,045$ and two dependents.

A married couple filing jointly with AGI of $$163,388$ and three dependents.

Note: Round your intermediate calculations to $2$ decimal places and final answer to the nearest dollar amount.

A married couple filing jointly with AGI of $$312,056$ and one dependent.

Note: Round your intermediate calculations to $2$ decimal places and final answer to the nearest dollar amount.

A taxpayer filing married filing separately with AGI of $$70,096$ and one dependent.

A qualifying widow, age $66,$ with AGI of $$50,340$ and one dependent.

A head of household with AGI of $$16,493$ and two dependents.

A head of household with AGI of $$60,326$ and one dependent.

Note: For all requirements, leave no cells blank. Enter $"0"$ wherever required.

Answer rating: 100% (QA)

1 Single taxpayer AGI 24593 one dependent Standard Deduction Single 12550 for tax year 2023 Taxable Income AGI Standard Deduction 24593 12550 12043 Tax using Tax Tables for taxable income under 100000 ... View the full answer