Question: Using the formula and methodology demonstrated in class, calculate the income tax for an individual who has: - $163,511.00 of income from all sources -

Using the formula and methodology demonstrated in class, calculate the income

Using the formula and methodology demonstrated in class, calculate the income tax for an individual who has: - $163,511.00 of income from all sources - \$6,304.00 in Exclusions - $14,996.00 in Adjustments - $12,390.00 in below-the-line Deductions - \$2,737.00 in Credits For the purposes of this question, assume this is an individual taxpayer. Also assume a standard deduction of $12,550.00. In calculating the tax, use the following tax rates and brackets: Using the formula and methodology demonstrated in class, calculate the income tax for an individual who has: - $163,511.00 of income from all sources - \$6,304.00 in Exclusions - $14,996.00 in Adjustments - $12,390.00 in below-the-line Deductions - \$2,737.00 in Credits For the purposes of this question, assume this is an individual taxpayer. Also assume a standard deduction of $12,550.00. In calculating the tax, use the following tax rates and brackets

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