Use the accompanying 2012 marginal tax rate table to determine the tax owed by a single man

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Use the accompanying 2012 marginal tax rate table to determine the tax owed by a single man with no dependents whose gross income was $50,000. He had adjustments of $2000, and total deductions of $4500. He has a $200 tax credit.

What is the tax owed? Please Show all calculation.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 11, 2024 07:41 PM

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Use the accompanying 2012 marginal tax rate table to determine the tax owed by a single man

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Income Tax Fundamentals 2013

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