What would be the marginal tax rate for a married couple with income of $90, 800 bWhat would be the average tax rate for married couple with income of $90,800? What would be the marginal tax rate for an unmarried taxpayer with income of $ 90,800? What would be the average tax rate for an unmarried taxpayer with income of $90,800 ?
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- Refer to the previous problem 8. If Stan's parents elected to report Stan's income on his parents' return, what would the tax on Stan's income be?Melodie's taxable income is $39,000 and she pays income tax of $4,489. If Melodie's taxable income increases to $41,000, she would pay income taxes of $4,884. What is Melodie's marginal tax rate? 19.75 22.00 18.50 12.00 Some other amountWhat would be the marginal and average tax rates for a married couple with taxable income of $89,600? For an unmarried taxpayer with the same income? Use Table 3.7. (Do not round intermediate calculations. Enter the marginal tax rate as a percent rounded to 1 decimal place. Enter the average tax rate as a percent rounded to 1 decimal place.) a. What would be the marginal tax rate for a married couple with income of $89,600? Marginal tax rate for a married couple b. What would be the average tax rate for a married couple with income of $89,600? Average tax rate for a married couple % Marginal tax rate for an unmarried taxpayer c. What would be the marginal tax rate for an unmarried taxpayer with income of $89,600? % Average tax rate for an unmarried taxpayer % d. What would be the average tax rate for an unmarried taxpayer with income of $89,600? %
- What would be the average tax rate for a married couple with income of $90,500? What would be the average tax rate for an unmarried taxpayer with income of $90,500?What is the marginal tax rate for a single individual if her taxable income is $20,000? $40,000? 60,000? What is her tax bill for each of these income levels? What is her average tax rate for each of these income levels?What would be the marginal tax rate for a single person who has the following taxable income? 1. $35,310 2. $67,710 3. $87,000 4. $111,750
- What are the tax rates for minors' unearned income? Select one: A. Nil for every $1 earned up to $750, $0.66 for every $1 from $751 to $3,333 and $0.47 for every $1 over $3,333 B. $0.66 for every $1 earned up to $750 and $0.47 for every $1 in excess C. All minors' unearned income is taxed at the relevant adult (non-minor) marginal tax rate D. Nil for every $1 earned up to $416, $0.66 for every $1 from $417 to $1,307 and $0.45 for every $1 earned if the income earned is above $1,307Used the 2016 FICA tax rates from below to answer the following question. if a taxpayer is not self-employed and earns $121,000 what are the taxpayers FICA taxes?What is the tax liability for a married couple with a taxable income of $92,225? What is the tax liability for a married couple with a taxable income of $74,170?
- Chuck, a single taxpayer, earns $75, 400 in taxable income and $10, 200 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule.) Required: How much federal tax will he owe? b. What is his average tax rate? c. What is his effective tax rate? d. What is his currentWhat is the maximum investment income a taxpayer is allowed to have and still be allowed to claim the earned income credit?$ Why is there an investment income limit in the tax law regarding the credit? The earned income credit is meant to assistConsider the following hypothetical income tax brackets for a single taxpayer. Assume for simplicity there are no exemptions or deductions. Income $0-$10,000 $10,000-$40,000 $40,000-$100,000 Over $100,000 Is this tax regressive, progressive, or proportional? The income tax is progressive Suppose Susan's income is $30,000. How much will she pay in income taxes? Susan will pay $ in income taxes. (Enter your response as an integer) Tax Rate 10% 20 35 50