Use the 2016 marginal tax rates to compute the tax owed by the following person. A single woman with a taxable income of $17,000 and a $3500 tax credit 1 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.) dollars.

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ISBN:9780470458365
Author:Erwin Kreyszig
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Use the 2016 marginal tax rates to compute the tax owed by the following person.
A single woman with a taxable income of $17,000 and a $3500 tax credit
Click the icon to view the 2016 marginal tax rates.
.....
The tax owed is
dollars.
(Type an integer or a decimal. Round to the nearest cent as needed.)
2016 marginal tax rates
2016 Marginal Tax Rates, Standard Deductions, and Exemptions
Unmarried and paying
Unmarried, divorced, Married and each partner
or legally separated
Married and both
files a separate tax return partners file a single more than half the cost
of supporting a child
or parent
tax return
Tax Rate
Single
Married Filing Separately Married Filing Jointly
Head of Household
up to $18,550
$18,551 to $75,300
up to $13,250
$13,251 to $50,400
10%
up to $9275
up to $9275
15%
$9276 to $37,650
$9276 to $37,650
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
Exemptions (per $4050
person)
$4050
$4050
$4050
Print
Done
Transcribed Image Text:Use the 2016 marginal tax rates to compute the tax owed by the following person. A single woman with a taxable income of $17,000 and a $3500 tax credit Click the icon to view the 2016 marginal tax rates. ..... The tax owed is dollars. (Type an integer or a decimal. Round to the nearest cent as needed.) 2016 marginal tax rates 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Unmarried and paying Unmarried, divorced, Married and each partner or legally separated Married and both files a separate tax return partners file a single more than half the cost of supporting a child or parent tax return Tax Rate Single Married Filing Separately Married Filing Jointly Head of Household up to $18,550 $18,551 to $75,300 up to $13,250 $13,251 to $50,400 10% up to $9275 up to $9275 15% $9276 to $37,650 $9276 to $37,650 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 Exemptions (per $4050 person) $4050 $4050 $4050 Print Done
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