William has $219,000 in taxable income this year. Tax Bracket 8% 15% 23% 31% 35% 43%...
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William has $219,000 in taxable income this year. Tax Bracket 8% 15% 23% 31% 35% 43% Bottom of Bracket Top of Bracket $0 $10,200 $45,200 $115,200 $115,200 $215,200 $215,200 $415,200 $415,200 $10,200 $45,200 Tax Liability for Bracket $816 $5,250 $16,100 $31,000 $70,000 Calculate their total tax liability for this year. William has $219,000 in taxable income this year. Tax Bracket 8% 15% 23% 31% 35% 43% Bottom of Bracket Top of Bracket $0 $10,200 $45,200 $115,200 $115,200 $215,200 $215,200 $415,200 $415,200 $10,200 $45,200 Tax Liability for Bracket $816 $5,250 $16,100 $31,000 $70,000 Calculate their total tax liability for this year.
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To calculate Williams total tax liability for the year given his taxable income of 219000 and the pr... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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