Question: For Question B I provided Tax Rate table from the text book. ( Please don't use the current tax rate). 7. Yolanda's adjusted gross income

7. Yolanda's adjusted gross income was $55,000. All of the income was from long-term investments. She will file as single and take the standard deduction a. Find her taxable income. b. Find the federal income tax owed. Use the textbook percentages (do not lopk up current tax rates). C. Find the FICA tax owed. d. Find the total taxes paid and the tax rate. TABLE 4.9 any b. Rober each dedu find me Tax Rate 10% 15% . 2017 Marginal Tax Rates, Standard Deductions, and Exemptions* Married Filing Married Filing Single Jointly Separately up to $9325 up to $18,650 up to $9325 up to $37,950 up to $75,900 up to $37,950 up to $91,900 up to $153,100 up to $76,550 up to $191,650 up to $233,350 up to $116,675 up to $416,700 up to $416,700 up to $208,350 up to $418,400 up to $470,700 up to $235,350 above $235,350 $6350 We of $ Head of Household up to $13,350 up to $50,800 up to $131,200 up to $212,500 up to $416,700 up to $444,550 above $444,550 $9350 25% 28% 33% 35% 39.6% Standard deduction Exemption (per person) (10% 10% ma $13350 above $418,400 $6350 above $470,700 $12,700 $4050 $4050 $4050 $4050 R T
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