Click here to access the 2023 tax rate schedule. If required, round the tax liability to the nearest dollar. When required, round the average rates to four decimal places before converting to a percentage (i.e., .67073 would be rounded to .6707 and entered as 67.07%). a. Chandler, who files as a single taxpayer, has taxable income of $96,000. Tax liability: Marginal rate: Average rate: tA 16,290 X 24 % 18.62 X % b. Lazare, who files as a head of household, has taxable income of $80,400. Tax liability: Marginal rate: Average rate: tA 7,143 X 22 % 14.81 X %
Click here to access the 2023 tax rate schedule. If required, round the tax liability to the nearest dollar. When required, round the average rates to four decimal places before converting to a percentage (i.e., .67073 would be rounded to .6707 and entered as 67.07%). a. Chandler, who files as a single taxpayer, has taxable income of $96,000. Tax liability: Marginal rate: Average rate: tA 16,290 X 24 % 18.62 X % b. Lazare, who files as a head of household, has taxable income of $80,400. Tax liability: Marginal rate: Average rate: tA 7,143 X 22 % 14.81 X %
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter9: Individuals As Taxpayers
Section: Chapter Questions
Problem 4CE
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Transcribed Image Text:Click here to access the 2023 tax rate schedule. If
required, round the tax liability to the nearest dollar.
When required, round the average rates to four decimal
places before converting to a percentage (i.e., .67073
would be rounded to .6707 and entered as 67.07%).
a. Chandler, who files as a single taxpayer, has taxable income
of $96,000.
Tax liability:
Marginal rate:
Average rate:
tA
16,290 X
24 %
18.62 X %
b. Lazare, who files as a head of household, has taxable
income of $80,400.
Tax liability:
Marginal rate:
Average rate:
tA
7,143 X
22 %
14.81 X %
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