Using the tax table in Exhibit 4-6, determine the amount of taxes for the following situations:Federal Tax Tablesa. A head of household with taxable income of $75,762.b. A single person with taxable income of $75,062.c. A married person filing a separate return with taxable income of $75,780. Таx RateSchedulesIf Taxableincome isMarried Married Head offilingjointly* sepa-ratelyAtleastSingleButlessthanfilingahouse-holdYour tax is-Schedule Y-1–If your filing status is Married filing jointly or Qualifying widow(er)75,000The Tax Due Is:of theIf Taxable income is BetweenBut notаmount75,00075,05075.10075,05075,10075,15075,20075,25012,44512,45612,46712,47812,4898,6228,6288.63412,44512,45612,46712,47812,48911,05411,06511,07611,08711,098Over-over-over-$019,05010%$075,15075,2008,6408,64619,05177,400$1,905 + 12%19,05075,30075,35075,40075,400 75,45075,50075,2508,6528,6588,6648,6708,67611,10912,50012,51112,52212,53312,54412,50012,51112,52212,53312,54477,401165,0008,907 + 22%77,40075,30075,35011,12011,13111,14211,153165,001315,00028,179 + 24%165,00075,450315,001400,00064,179 + 32%315,00075,50011,16412,55512,56612,57712,588600,00075,55075,60075,65075,70075,75012,55512,56612,57712,58812,5998,6828,6888,6948,7008,706400,00191,379 + 35%400,00075,55075,60075.65011,17511,186600,001161,379 + 37%600,00011,19711,20875,70012,59975,80075,8508,7128,7188,72412,61012,62112,63212,64312,65475,75075,80012,61012,62112,63211,21911,23075,85075,90075,90075,95076,00012,64312,65411,24111,25211,2638,73075,9508,736

Using the tax table in Exhibit 4-6, determine the amount of taxes for the following situations: Federal Tax Tables a. A head of household with taxable income of $75,762. b. A single person with taxable income of $75,062. c. A married person filing a separate return with taxable income of $75,780.

Using the tax table in Exhibit 4-6, determine the amount of taxes for the following situations: Federal Tax Tables a. A head of household with taxable income of $75,762. b. A single person with taxable income of $75,062. c. A married person filing a separate return with taxable income of $75,780.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter14: Property Transactions: Capital Gains And Losses, § 1231, And Recapture Provisions

Section: Chapter Questions

Problem 66P

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Question

Using the tax table in Exhibit 4-6, determine the amount of taxes for the following situations:
Federal Tax Tables
a. A head of household with taxable income of $75,762.
b. A single person with taxable income of $75,062.
c. A married person filing a separate return with taxable income of $75,780.

Таx Rate
Schedules
If Taxable
income is
Married Married Head of
filing
jointly* sepa-
rately
At
least
Single
But
less
than
filing
a
house-
hold
Your tax is-
Schedule Y-1–If your filing status is Married filing jointly or Qualifying widow(er)
75,000
The Tax Due Is:
of the
If Taxable income is Between
But not
аmount
75,000
75,050
75.100
75,050
75,100
75,150
75,200
75,250
12,445
12,456
12,467
12,478
12,489
8,622
8,628
8.634
12,445
12,456
12,467
12,478
12,489
11,054
11,065
11,076
11,087
11,098
Over-
over-
over-
$0
19,050
10%
$0
75,150
75,200
8,640
8,646
19,051
77,400
$1,905 + 12%
19,050
75,300
75,350
75,400
75,400 75,450
75,500
75,250
8,652
8,658
8,664
8,670
8,676
11,109
12,500
12,511
12,522
12,533
12,544
12,500
12,511
12,522
12,533
12,544
77,401
165,000
8,907 + 22%
77,400
75,300
75,350
11,120
11,131
11,142
11,153
165,001
315,000
28,179 + 24%
165,000
75,450
315,001
400,000
64,179 + 32%
315,000
75,500
11,164
12,555
12,566
12,577
12,588
600,000
75,550
75,600
75,650
75,700
75,750
12,555
12,566
12,577
12,588
12,599
8,682
8,688
8,694
8,700
8,706
400,001
91,379 + 35%
400,000
75,550
75,600
75.650
11,175
11,186
600,001
161,379 + 37%
600,000
11,197
11,208
75,700
12,599
75,800
75,850
8,712
8,718
8,724
12,610
12,621
12,632
12,643
12,654
75,750
75,800
12,610
12,621
12,632
11,219
11,230
75,850
75,900
75,900
75,950
76,000
12,643
12,654
11,241
11,252
11,263
8,730
75,950
8,736

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