$In$

$2$

$0$

$2$

$3$

$,$

$Jack,$ age

$1$

$2$

$,$

$has$ interest income $of$ $

$6$

$,$

$0$

$6$

$0$

$from$ funds $he$ inherited from his aunt and $no$ earned income. $He$ has $no$ investment expenses. Christian and Danielle

$($

his parents

$)$

$have$ taxable income $of$ $

$8$

$8$

$,$

$1$

$5$

$0$

$and$ file a joint return. Assume that $no$ parental election $is$ made.

Click here $to$ access the

$2$

$0$

$2$

$3$

$tax$ rate schedule. $If$ required, round the tax computations $to$ the nearest dollar.

Jack's net unearned income $is$ fill

$-$

$in$

$-$

the

$-$

blank

Jack's total tax $is$

${?}_{?}$

${?}_{?}$

${?}_{?}2023$ Tax Rate Schedules

$\begin{array}{cc}\text{S}\text{i}\text{n}\text{g}\text{l}\text{e}-\text{S}\text{c}\text{h}\text{e}\text{d}\text{u}\text{l}\text{e}X& \text{H}\text{e}\text{a}\text{d}of\text{h}\text{o}\text{u}\text{s}\text{e}\text{h}\text{o}\text{l}\text{d}-\text{S}\text{c}\text{h}\text{e}\text{d}\text{u}\text{l}\text{e}Z\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& If\text{t}\text{a}\text{x}\text{a}\text{b}\text{l}\text{e}\text{i}\text{n}\text{c}\text{o}\text{m}\text{e}is\text{:}\text{O}\text{v}\text{e}\text{r}-\\ \text{B}\text{u}\text{t}\text{n}\text{o}\text{t}\text{o}\text{v}\text{e}\text{r}-& ?\\ \text{T}\text{h}\text{e}\text{t}\text{a}\text{x}is\text{:}& of\text{t}\text{h}\text{e}\text{a}\text{m}\text{o}\text{u}\text{n}\text{t}\text{o}\text{v}\text{e}\text{r}-\\ If\text{t}\text{a}\text{x}\text{a}\text{b}\text{l}\text{e}\text{i}\text{n}\text{c}\text{o}\text{m}\text{e}is\text{:}\text{O}\text{v}\text{e}\text{r}-& \text{B}\text{u}\text{t}\text{n}\text{o}\text{t}\text{o}\text{v}\text{e}\text{r}-\\ \text{T}\text{h}\text{e}\text{t}\text{a}\text{x}is\text{:}& of\text{t}\text{h}\text{e}\text{a}\text{m}\text{o}\text{u}\text{n}\text{t}\text{o}\text{v}\text{e}\text{r}-\\ \text{\$}0& \text{\$}11000\\ ?& .......\mathrm{.}10\%\\ \text{\$}0& \text{\$}0\\ \text{\$}15700& ........10\%\\ \text{\$}0& 11000\\ 44725& \text{\$}\\ 1100\mathrm{.}00+12\%& 11000\\ 15700& 59850\\ \text{\$}1570\mathrm{.}00+12\%& 15700\\ 44725& 95375\\ ?& 5147\mathrm{.}00+22\%\\ 44725& 59850\\ 95350& 6868\mathrm{.}00+22\%\\ 59850& 95375\\ 182100& ?\\ 16290\mathrm{.}00+24\%& 95375\\ 95350& 182100\\ 14678\mathrm{.}00+24\%& 95350\\ 182100& 231250\\ ?& 37104\mathrm{.}00+32\%\\ 182100& 182100\\ 231250& 35498\mathrm{.}00+32\%\\ 182100& 231250\\ 578125& ?\\ 52832\mathrm{.}00+35\%& 231250\\ 231250& 578100\\ 51226\mathrm{.}00+35\%& 231250\\ 578125& ?\\ ?& 174238\mathrm{.}25+37\%\\ 578125& 578100\\ ?& 172623\mathrm{.}50+37\%\\ 578100& \text{M}\text{a}\text{r}\text{r}\text{i}\text{e}\text{d}\text{f}\text{i}\text{l}\text{i}\text{n}\text{g}\text{j}\text{o}\text{i}\text{n}\text{t}\text{l}\text{y}or\text{Q}\text{u}\text{a}\text{l}\text{i}\text{f}\text{y}\text{i}\text{n}\text{g}\text{w}\text{i}\text{d}\text{o}\text{w}(er)-\text{S}\text{c}\text{h}\text{e}\text{d}\text{u}\text{l}\text{e}Y-1\\ \text{M}\text{a}\text{r}\text{r}\text{i}\text{e}\text{d}\text{f}\text{i}\text{l}\text{i}\text{n}\text{g}\text{s}\text{e}\text{p}\text{a}\text{r}\text{a}\text{t}\text{e}\text{l}\text{y}-\text{S}\text{c}\text{h}\text{e}\text{d}\text{u}\text{l}\text{e}Y-2& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ If\text{t}\text{a}\text{x}\text{a}\text{b}\text{l}\text{e}\text{i}\text{n}\text{c}\text{o}\text{m}\text{e}is\text{:}\text{O}\text{v}\text{e}\text{r}-& \text{B}\text{u}\text{t}\text{n}\text{o}\text{t}\text{o}\text{v}\text{e}\text{r}-\\ ?& \text{T}\text{h}\text{e}\text{t}\text{a}\text{x}is\text{:}\\ of\text{t}\text{h}\text{e}\text{a}\text{m}\text{o}\text{u}\text{n}\text{t}\text{o}\text{v}\text{e}\text{r}-& If\text{t}\text{a}\text{x}\text{a}\text{b}\text{l}\text{e}\text{i}\text{n}\text{c}\text{o}\text{m}\text{e}is\text{:}\text{O}\text{v}\text{e}\text{r}-\\ \text{B}\text{u}\text{t}\text{n}\text{o}\text{t}\text{o}\text{v}\text{e}\text{r}-& \text{T}\text{h}\text{e}\text{t}\text{a}\text{x}is\text{:}\\ of\text{t}\text{h}\text{e}\text{a}\text{m}\text{o}\text{u}\text{n}\text{t}\text{o}\text{v}\text{e}\text{r}-& \text{\$}0\\ \text{\$}22000& ?\\ ........\mathrm{.}10\%& \text{\$}0\\ \text{\$}0& \text{\$}11000\\ ......\mathrm{.}10\%& \text{\$}0\\ 22000& 89450\\ \text{\$}& 2200\mathrm{.}00+12\%\\ 22000& 11000\\ 44725& \text{\$}1100\mathrm{.}00+12\%\\ 11000& 89450\\ 190750& ?\\ 10294\mathrm{.}00+22\%& 89450\\ 44725& 95375\\ 5147\mathrm{.}00+22\%& 44725\\ 190750& 364200\\ ?& 32580\mathrm{.}00+24\%\\ 190750& 95375\\ 182100& 16290\mathrm{.}00+24\%\\ 95375& 364200\\ 462500& ?\\ 74208\mathrm{.}00+32\%& 364200\\ 182100& 231250\\ 37104\mathrm{.}00+32\%& 182100\\ 462500& 693750\\ ?& 105664\mathrm{.}00+35\%\\ 462500& 231250\\ 346875& 52832\mathrm{.}00+35\%\\ 231250& 693750\\ .........& ?\\ 186601\mathrm{.}50+37\%& 693750\\ 346875& ........\\ 93300\mathrm{.}75+37\%& 346875\end{array}$

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