Compute the 2021 tav kability and the marginal and average tax rates for the following taxpayers. Click here to access the 2021 tax rate schedule. If required, round the tax liability the nearest dollar. When required, round the average rates to four decimal places before converting to a percentage (Le. 67073 would be rounded to .6707 and entered as 67.07%). a. Chandler, who fies as a single taspayer, has taxable income of s94,000. Tax kability: Marginal rate: 24 Average rate: b. Lazare, who fles as a head of household, has taxable income of $57,050. Tax liabity: Marginal rate 22 Average rate:

Compute the 2021 tav kability and the marginal and average tax rates for the following taxpayers. Click here to access the 2021 tax rate schedule. If required, round the tax liability the nearest dollar. When required, round the average rates to four decimal places before converting to a percentage (Le. 67073 would be rounded to .6707 and entered as 67.07%). a. Chandler, who fies as a single taspayer, has taxable income of s94,000. Tax kability: Marginal rate: 24 Average rate: b. Lazare, who fles as a head of household, has taxable income of $57,050. Tax liabity: Marginal rate 22 Average rate:

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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