Refer the tax table to answer the following question. TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Unmarried, divorced, or legally separated Married and each Married and both partner files a separate tax return partrers file a single tax return Unmarried and paying more then half the cost of supporting a child or parent Married Filing Separately Married Head of Tax Rate Single Filing Jointly Household 10% up to $9275 up to $9275 up to $18,550 up to $13,250 $13,251 to $50,400 $50,401 to $130,150 $151,901 to $231,450 $130,151 to $210,800 $231,451 to $413,350 $210,801 to $413,350 $413,351 to $466,950 $413,351 to $441,000 more than $441,000 15% $9276 to $37,650 $9276 to $37,650 $18,551 to $75,300 25% $37,651 to $91,150 $37,651 to $75,950 $75,301 to $151,900 28% $91,151 to $190,150 $75,951 to $115,725 33% $190,151 to $413,350 $115,726 to $206,675 35% $413,351 to $415,050 S206,676 to $233,475 39.6% more than $415,050 more than $233,475 more than $466,950 Standard Deduction $6300 $6300 $12,600 $9300 Exemptions (per person) $4050 $4050 $4050 $4050 If a taxpayer has taxable income $80,900, what is her tax bracket? (Taxpayer filing status is married filing jointly)
Refer the tax table to answer the following question. TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Unmarried, divorced, or legally separated Married and each Married and both partner files a separate tax return partrers file a single tax return Unmarried and paying more then half the cost of supporting a child or parent Married Filing Separately Married Head of Tax Rate Single Filing Jointly Household 10% up to $9275 up to $9275 up to $18,550 up to $13,250 $13,251 to $50,400 $50,401 to $130,150 $151,901 to $231,450 $130,151 to $210,800 $231,451 to $413,350 $210,801 to $413,350 $413,351 to $466,950 $413,351 to $441,000 more than $441,000 15% $9276 to $37,650 $9276 to $37,650 $18,551 to $75,300 25% $37,651 to $91,150 $37,651 to $75,950 $75,301 to $151,900 28% $91,151 to $190,150 $75,951 to $115,725 33% $190,151 to $413,350 $115,726 to $206,675 35% $413,351 to $415,050 S206,676 to $233,475 39.6% more than $415,050 more than $233,475 more than $466,950 Standard Deduction $6300 $6300 $12,600 $9300 Exemptions (per person) $4050 $4050 $4050 $4050 If a taxpayer has taxable income $80,900, what is her tax bracket? (Taxpayer filing status is married filing jointly)
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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