Tax Rate Schedules uals e X-Single -le income is over:But not over: The ta $ 9,950 $ 40,525 $ 86,375 $ 164,925 $ 209,425 $ 10% of taxable income $ 9,950 $ 40,525 $ 86,375 $ 164,925 $995 plus 12% of the exce $4,664 plus 22% of the ex $14,751 plus 24% of the e $33,603 plus 32% of the e
Tax Rate Schedules uals e X-Single -le income is over:But not over: The ta $ 9,950 $ 40,525 $ 86,375 $ 164,925 $ 209,425 $ 10% of taxable income $ 9,950 $ 40,525 $ 86,375 $ 164,925 $995 plus 12% of the exce $4,664 plus 22% of the ex $14,751 plus 24% of the e $33,603 plus 32% of the e
Chapter9: Payroll, Estimated Payments, And Retirement Plans
Section: Chapter Questions
Problem 6P: Kana is a single wage earner with no dependents and taxable income of $205,000 in 2019. Her 2018...
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Transcribed Image Text:2021 Tax Rate Schedules
Individuals
Schedule X-Single
If taxable income is over:But not over:
The tax is:
$ 9,950
$ 40,525
$ 86,375
$ 164,925
$ 209,425
$ 523,600
$
10% of taxable income
$ 9,950
$ 40,525
$ 86,375
$ 164,925
$ 209,425
$ 523,600
$995 plus 12% of the excess over $9,950
$4,664 plus 22% of the excess over $40,525
$14,751 plus 24% of the excess over $86,375
$33,603 plus 32% of the excess over $164,925
$47,843 plus 35% of the excess over $209,425
$157,804.25 plus 37% of the excess over $523,600
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)
If taxable income is over:But not over:
The tax is:
$ 19,900
$ 81,050
$ 172,750
$ 329,850
$ 418,850
$ 628,300
$
10% of taxable income
$ 19,900
$ 81,050
$ 172,750
$ 329,850
$ 418,850
$ 628,300
$1,990 plus 12% of the excess over $19,900
$9,328 plus 22% of the excess over $81,050
$29,502 plus 24% of the excess over $172,750
$67,206 plus 32% of the excess
$95,686 plus 35% of the excess over $418,850
$168,993.50 plus 37% of the excess over $628,300
ver $329,850
Schedule Z-Head of Household
If taxable income is over:But not over:
The tax is:
$ 14,200
$ 54,200
$ 86,350
$ 164,900
$ 209,400
$ 523,600
$
10% of taxable income
$ 14,200
$ 54,200
$ 86,350
$ 164,900
$ 209,400
$ 523,600
$1,420 plus 12% of the excess over $14,200
$6,220 plus 22% of the excess over $54,200
$13,293 plus 24% of the excess over $86,350
$32,145 plus 32% of the excess over $164,900
$46,385 plus 35% of the excess over $209,400
$156,355 plus 37% of the excess over $523,600
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Required information
[The following information applies to the questions displayed below.]
Whitney received $75,000 of taxable income in 2021. All of the income was salary from her employer. What is her income
tax liability in each of the following alternative situations?:Use Tax Rate Schedule for reference.:(Do not round
intermediate calculations.)
a. She files under the single filing status. (Round your answer to 2 decimal places.)
Income tax liability](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F87f377c8-556b-40c3-ad73-583aac17d9d0%2F0fd2eead-8f46-4e29-828b-e169c9eee2e0%2F40bl11w5_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
[The following information applies to the questions displayed below.]
Whitney received $75,000 of taxable income in 2021. All of the income was salary from her employer. What is her income
tax liability in each of the following alternative situations?:Use Tax Rate Schedule for reference.:(Do not round
intermediate calculations.)
a. She files under the single filing status. (Round your answer to 2 decimal places.)
Income tax liability
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