Question: Solve the following problems using Excel tables. Try to use formulas when possible it will make your work easier. You must show your work. Providing

Solve the following problems using Excel tables. Try to use formulas when possible it will make your work easier. You must show your work. Providing just the answer will not be acceptable.

FORMULA: Tax liability = Taxable Income x Tax Rate

Part 1

1. Sarah is single. Suppose she has a taxable income of $20,000. What is her taxable liability for the 2020 tax year?

2. Michael has been a widower since 2010. His filling status is single. If he has a taxable income of $68,000, what is his taxable liability for the 2020 tax year? 3.

3. Amanda has been divorced since 2013. Suppose she has a taxable income of $197,000. What is her taxable liability for the 2019 tax year?

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