Use the 2016 marginal tax rates to compute the tax owed by the following couple. A married couple filing jointly with a taxable income of $352,000 and a $6000 tax credit i Click the icon to view the 2016 marginal tax rates. ... The tax owed is $. (Type an integer or a decimal. Round to the nearest cent as needed.)

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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2016 marginal tax rates
2016 Marginal Tax Rates, Standard Deductions, and Exemptions
Unmarried and paying
files a separate tax return partners file a single more than half the cost
of supporting a child
or parent
Unmarried, divorced, Married and each partner
Married and both
or legally separated
tax return
Tax Rate
Single
Married Filing Separately Married Filing Jointly
Head of Household
up to $9275
$9276 to $37,650
up to $13,250
$13,251 to $50,400
10%
up to $9275
up to $18,550
15%
$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
$50,401 to $130,150
28%
$91,151 to $190,150
$75,951 to $115,725
$151,901 to $231,450 $130,151 to $210,800
33%
$190,151 to $413,350
$115,726 to $206,675
$231,451 to $413,350 $210,801 to $413,350
35%
$413,351 to $415,050
$206,676 to $233,475
$413,351 to $466,950 $413,351 to $441,000
39.6%
more than $415,050
more than $233,475
more than $466,950
more than $441,000
Standard
$6300
$6300
$12,600
$9300
Deduction
$4050
$4050
$4050
$4050
Exemptions
(per person)
Print
Done
Transcribed Image Text:2016 marginal tax rates 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Unmarried and paying files a separate tax return partners file a single more than half the cost of supporting a child or parent Unmarried, divorced, Married and each partner Married and both or legally separated tax return Tax Rate Single Married Filing Separately Married Filing Jointly Head of Household up to $9275 $9276 to $37,650 up to $13,250 $13,251 to $50,400 10% up to $9275 up to $18,550 15% $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 $50,401 to $130,150 28% $91,151 to $190,150 $75,951 to $115,725 $151,901 to $231,450 $130,151 to $210,800 33% $190,151 to $413,350 $115,726 to $206,675 $231,451 to $413,350 $210,801 to $413,350 35% $413,351 to $415,050 $206,676 to $233,475 $413,351 to $466,950 $413,351 to $441,000 39.6% more than $415,050 more than $233,475 more than $466,950 more than $441,000 Standard $6300 $6300 $12,600 $9300 Deduction $4050 $4050 $4050 $4050 Exemptions (per person) Print Done
Use the 2016 marginal tax rates to compute the tax owed by the following couple.
A married couple filing jointly with a taxable income of $352,000 and a $6000 tax credit
Click the icon to view the 2016 marginal tax rates.
...
The tax owed is $.
(Type an integer or a decimal. Round to the nearest cent as needed.)
Transcribed Image Text:Use the 2016 marginal tax rates to compute the tax owed by the following couple. A married couple filing jointly with a taxable income of $352,000 and a $6000 tax credit Click the icon to view the 2016 marginal tax rates. ... The tax owed is $. (Type an integer or a decimal. Round to the nearest cent as needed.)
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