eBook Do the Math 4-5 Determine Tax Liability Carson Wentz, of Washington, DC, determined the following tax information: salary, $144,000; interest earned, $2,000; qualified retirement plan contribution, $6,000; itemized deductions, $16,000. Filing jointly with a spouse, 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:

Do the Math 4-5 Ditermine Tax uabilly. Carson wentz, of Washington, DC, determined the following tas information: salary, 5144,000 ; interest eamed, 52,000 : cualified cetireatent plan contribution, taxable income to the nearest dollar and answer for tax liabaity to the neweer cet. Tacable income: 1 Tax liability Table 4-2 Tax Rate Schedules Taxpayers Filing Single \begin{tabular}{|c|c|} \hline If Taxable Income Is Between: & The Tax Due Is: \\ \hline 0$11,000 & 10% of taxable income \\ \hline$11,001$44,725 & $1,100+12% of the amount over $11,000 \\ \hline$44,726$95,375 & $5,147+22% of the amount over $44,725 \\ \hline$95,376$182,100 & $16,290+24% of the amount over $95,375 \\ \hline$182,101$231,250 & $37,104+32% of th amount over $182,100 \\ \hline$231,251$578,125 & $52,832+35% of the amount over $231,250 \\ \hline$578,126+ & $174,238+37% of the amount over $578,125 \\ \hline \end{tabular} Married Filing Jointly or Qualifying Widow(er) If Taxable Income is Between: The Tax Due Is: \begin{tabular}{|c|c|} \hline 0$22,000 & 10% of taxable income \\ \hline$22,001$89,450 & $22,00+12% of the amount over $22,000 \\ \hline$89,451$190,750 & $10,294+22% of the amount over $89,450 \\ \hline$190,751$364,200 & $32,580+24% of the amount over $190,750 \\ \hline$364,201$462,500 & $74,208+32% of the amount over $364,200 \\ \hline$462,501$693,750 & $105,664+35% of the amount over $462,500 \\ \hline$693,751+ & $186,602+37% of the amount over $693,750 \\ \hline \end{tabular}