Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer.
Name |
Filing Status |
Taxable Income |
Tax Liability |
|---|
Rua |
head of household |
$195,200 |
Extracted text: webassign.net WA MAT 101 Final Exam Review -... A https://www.webassign.net/bre. b My Questions | bartleby A Monthly Payments to Amortize... Phil Pittman Is Interested In A... C Alicia Wishes To Accumulate $... + Over $38,700 but not over $82,500 $4,453.50 + 22% of the amount over $38,700 Over $82,500 but not over $157,500 $14,089.50 + 24% of the amount over $82,500 Over $157,500 but not over $200,000 $32,089.50 + 32% of the amount over $157,500 Over $200,000 but not over $300,000 $45,689.50 + 35% of the amount over $200,000 Over $300,000 $80,689.50 + 37% of the amount over $300,000 Filing status: Head of household Taxable income Tax At least $0 but not over $13,600 10% of the amount over $0 Over $13,600 but not over $51,800 $1,360 + 12% of the amount over $13,600 Over $51,800 but not over $82,500 $5,944 + 22% of the amount over $51,800 Over $82,500 but not over $157,500 $12,698 + 24% of the amount over $82,500 Over $157,500 but not over $200,000 $30,698 + 32% of the amount over $157,500 Over $200,000 but not over $500,000 $44,298 + 35% of the amount over $200,000 Over $500,000 $149,298 + 37% of the amount over $500,000