Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer.NameFiling StatusTaxable IncomeTax LiabilityWilliamssingle$66,300$ Exhibit 18- 3Income Tax Rate TablesFiling status: SingleTaxable incomeТахAt least $0 but not over $9,52510% of the amount over $0Over $9,525 but not over $38,700$952.50 + 12% of the amount over $9,525Over $38,700 but not over $82,500$4,453.50 + 22% of the amount over $38,700Over $82,500 but not over $157,500$14,089.50 + 24% of the amount over $82,500Over $157,500 but not over $200,000$32,089.50 + 32% of the amount over $157,500Over $200,000 but not over $500,000$45,689.50 + 35% of the amount over $200,000Over $500,000$150,689.50 + 37% of the amount over $500,000Filing status: Married filing jointly or Qualifying widow(er)Taxable incomeТаxAt least $0 but not over $19,05010% of the amount over $0Over $19,050 but not over $77,400$1,905 + 12% of the amount over $19,050Over $77,400 but not over $165,000$8,907 + 22% of the amount over $77,400Over $165,000 but not over $315,000$28,179 + 24% of the amount over $165,000Over $315,000 but not over $400,00$64,179 + 32% of the amount over $315,000Over $400,00 but not over $600,000$91,379 + 35% of the amount over $400,000Over $600,000$161,379 + 37% of the amount over $600,000Filing status: Married filing separatelyTaxable incomeТаxAt least $0 but not over $9,52510% of the amount over $0Over $9,525 but not over $38,700$952.50 + 12% of the amount over $9,525Over $38,700 but not over $82,500$4,453.50 + 22% of the amount over $38,700Over $82,500 but not over $157,500$14,089.50 + 24% of the amount over $82,500Over $157,500 but not over $200,000$32,089.50 + 32% of the amount over $157,500Over $200,000 but not over $300,000$45,689.50 + 35% of the amount over $200,000Over $300,000$80,689.50 + 37% of the amount over $300,000Filing status: Head of householdTaxable incomeТаxAt least $0 but not over $13,60010% of the amount over $0Over $13,600 but not over $51,800$1,360 + 12% of the amount over $13,600Over $51,800 but not over $82,500$5,944 + 22% of the amount over $51,800Over $82,500 but not over $157,500$12,698 + 24% of the amount over $82,500Over $157,500 but not over $200,000$30,698 + 32% of the amount over $157,500Over $200,000 but not over $500,000$44,298 + 35% of the amount over $200,000Over $500,000$149,298 + 37% of the amount over $500,000

Name: Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability
Uploaded: 2024-03-05T11:52:21.000Z
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Description: Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer.NameFiling StatusTaxable IncomeTax LiabilityWilliamssingle$66,300$ Exhibit 18- 3Income Tax Rate TablesFiling status: SingleTaxable incomeТахAt least $0 but

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According to question given thatName- WilliamsFilling Status-singleTaxable income- $66,300

Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer. Name Filing Status Taxable Income Tax Liability Williams single $66,300 %24