Using the 2020 tax chart, determine the amount of taxes due for a single individual making...

 

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Using the 2020 tax chart, determine the amount of taxes due for a single individual making 50,000 per year. 2020 Federal Income Tax Brackets and Rates for Single Filers, Married Couples Filing Jointly, and Heads of Households Rate 10% 12% 22% 24% 32% 35% 37% For Single Individuals Up to $9,875 Up to $19,750 $9,876 to $40, 125 $19,751 to $80,250 $40,126 to $85,525 $85,526 to $163,300 $163,301 to $207,350 For Married Individuals Filing Joint Returns $207,351 to $518,400 $518,401 or more $80, 251 to $171,850 $171,051 to $326,600 $326,601 to $414,700 $414,701 to $622,050 $622,051 or more For Heads of Households Up to $14,100 $14, 101 to $53,700 $53,701 to $85,500 $85,501 to $163,300 $163,301 to $207,350 $207,351 to $518,400 $518,401 or more Using the 2020 tax chart, determine the amount of taxes due for a single individual making 50,000 per year. 2020 Federal Income Tax Brackets and Rates for Single Filers, Married Couples Filing Jointly, and Heads of Households Rate 10% 12% 22% 24% 32% 35% 37% For Single Individuals Up to $9,875 Up to $19,750 $9,876 to $40, 125 $19,751 to $80,250 $40,126 to $85,525 $85,526 to $163,300 $163,301 to $207,350 For Married Individuals Filing Joint Returns $207,351 to $518,400 $518,401 or more $80, 251 to $171,850 $171,051 to $326,600 $326,601 to $414,700 $414,701 to $622,050 $622,051 or more For Heads of Households Up to $14,100 $14, 101 to $53,700 $53,701 to $85,500 $85,501 to $163,300 $163,301 to $207,350 $207,351 to $518,400 $518,401 or more

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To determine the amount of taxes due for a single individual making 200000 per year in 2020 we can ... View the full answer