Solve the following problems using Excel $($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. You can use the numbers

presented in the $2023$ tax rates handout.

$1.$ Sarah is single. Suppose she has a taxable income of $$20,000.$ What is her taxable liability for the $2023$ tax

year?

$3.$ Michael has been a widower since $2010.$ He is in a relationship with Sonia. They are planning their wedding

for $2025.$ He has no dependents to claim. If he has a taxable income of $$68,000,$ what is his taxable liability for

the $2023$ tax year?

$3.$ Amanda has been divorced since $2021.$ Suppose she has a taxable income of $$197,000.$ What is her taxable

liability for the $2023$ tax year?

FORMULA:

Tax liability $=$ Taxable Income x Tax Rate

$*$Remember: $**$Tax rates will change depending on the year and filing status. Use the tax rate tables as a reference.