what would the average tax rate for a person who paid taxes of $6,435 on taxable income of $40,780?

Q: What is the amount of taxes for the head of a household with taxable income of $62,525

A: Taxable income refers Adjusted gross income (AGI) less (if any) any itemized deduction that is…

Q: Used the 2016 FICA tax rates from below to answer the following question. if a taxpayer is not…

A: Using 2016 FICA tax rates:Tax rate is:7.65% on first $118500 of Income1.45% on Income in excess of…

Q: Calculate the following taxpayers’ tax liabilities using 2021 tax rate  A single taxpayer had…

A: For the year 2021, Tax rates differes based on filing status of person. For single payers, tax rate…

Q: Compute the total income tax due on the income of Carding in 2021.

A: It has been given in the question that Carding has opted at the beginning of the year to use 8% tax…

Q: a. What is Smith family's adjusted gross income? b. What is the family's taxable income? c. What is…

A: Calculation of  gross income, taxable income, tax liability, and tax rate of smith family are as…

Q: 2021? 3. What is the current income tax payable at Decem

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: An individual earns $62,900 per year. What is their marginal tax rate?

A: A Single person filing Federal tax return has a gross income of $ 62,900. The marginal tax rate of…

Q: The income tax T owed in a certain state is a function of the taxable income I, both measured in…

A: Given , The equation of tax is as follows: T=0.13I-300…

Q: Use the 2016 marginal tax rates to compute the tax owed by the following person. A single woman with…

A: Here in this question, we are required to calculated tax owed. For calculating that, we will go slab…

Q: Use the 2016 marginal tax rates in the above table to calculate the federal tax owed by a single man…

A: Standard Deduction = $6300 Itemized Deduction: =$28,000+$4200+$3000 =$35,200

Q: Determine the tax liability, marginal tax rate, and average tax rate (rounded to two decimal places)…

A: Case 1: Married taxpayers, taxable income of $36,162: Taxable income bracket Taxable Amount Tax…

Q: Question 4 Use the following Total Tax / Annual Income relationship to determine which of the…

A: Taxable income seems to be the part of an individual person's or a firm's income that is being used…

Q: Your adjusted gross income is $9,438. If you are single, how much tax do you owe?

A: Tax is the charge which is to be paid to the government on having the income above the income…

Q: Ben Jefferson arrived at the following tax information: Gross salary, $41,780 Interest earnings,…

A: Taxable income is the part of the income of a firm which is subject to income tax. Taxes are levied…

Q: Question 4 Use the following Total Tax / Annual Income relationship to determine which of the…

A: Income tax seems to be a form of tax imposed by government agencies on income earned by enterprises…

Q: Below is a graph of the Robinson's annual expenses. How much will the Robinsons pay in state/local…

A: Here, Gross Annual Income is $85,420 % of State and Local Taxes is 10%

Q: Taxable income is $30369 Tax is 15 %  what is the tax amount owed

A: tax liability is the amount of tax to be paid by the individual or firm to the goverment. tax owed =…

Q: What is the amount of Taxes Owed for the period if the tax rate is 30%, if Earnings Before Taxes (…

A: Taxes are the amount due to the government on the income earned by an individual or a company. The…

Q: What would be your federal income tax if your taxable income was $108,000.00? $ What is the average…

A: PART 1   INCOME REMAINING TAXABLE INCOME TAX RATE TAX CALCULATION AMOUNT           $98,300…

Q: Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer. Name…

A: For Year 2020 Head of Household  0 to $14100     10% tax  14101 to 53700    12% tax 53701 to 85500…

Q: If John earned $645.90 in gross pay what would he pay in state tax?

A: gross pay = $ 645.90

Q: How much is the income tax payable assuming the taxable year is 2021?  a. 330,000

A: Corporate tax is the tax liability calculated on the income earned by the company. It is reported…

Q: Marco calculated his 2015 taxable income to be $73,100. Using the 2015 federal income tax brackets…

A: Income tax indicates the obligation of the individual to pay a prescribed portion of income earned…

Q: if a taxpayer is in the 12% tax bracket, how much will they pay on $1,200 in CD interest?

A: Tax is the amount paid to government on the income earned.

Q: Ise the Tax Rate Schedules to determine the tax liability for each of the following cases. a. Single…

A: Dear student, as per Bartleby answering guidelines we can answer only three sub-parts if a question…

Q: If your gross salary is $273 000 and your taxable income is $73 000 and your tax rate is 25% how…

A: A tax is a necessary contribution or financial charge levied by the government on the income earned…

Q: A single person with taxable income of $117064 will have the first $9,525 of that income taxed at a…

A: Income in second bracket =  38700-9525 = $ 29,175 Tax rate for second bracket = 12%

Q: Using the Tax Schedule for Head of Household, calculate the tax for a head of household with a…

A: Income tax payable is an obligation for the tax payers to the government on the taxable income.…

Q: Which of the following is true?     The total tax due arising from each quarterly income tax return…

A: Tax is the amount which is charged on the taxable income and this taxable income is determined when…

Q: Given the personal income tax rates as shown, the average tax rate for an individual with taxable…

A: Answer

Q: INCOME TAX Suppose in 2016 a single man earned $56,240 in wages, earned $3400 in interest,…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…

Q: Mr. L is a taxpayer with VAT and Non-VAT business. He had the following data, VAT not included, in a…

A: given information VAT business P 3.000,000 Sales, non-VAT business Purchases of goods, from…

Q: If Ana chose to be taxed at an 8 percent rate, how much is her overall income tax? (based on the…

A: SOLUTION- COMPUTATION OF TAX DUE -   GROSS SALES  2800000 LESS- TAX EXEMPT INCOME (250000)…

Q: A single person with taxable income of $36090 will have the first $9525 of that income taxed at 10%.…

A: Income = $ 36090 Tax rate on first $ 9525 = 10%

Q: A single individual pays $7,813 on a taxable income of $47,810 and $7,838 on a taxable income of…

A: Marginal tax rate is the rate on each extra dollar of income earned. It can be calculated as…

Q: eason.  You find that you paid $3,296.44 in Federal Taxes.  Using your taxable income and the tax…

A: Answer  You  receive a tax refund of $280.44 because you paid  more taxes last year than you should…

Q: 28. Using the tax table provided, compute the income tax due for Susie and Josh Adams whose taxable…

A: The tax liability of an individual is computed under the slab-based system in the US.

Q: Use the 2016 marginal tax rates to compute the tax owed by the following person. A single woman with…

A: Income tax payable is an obligation by the tax payer to the government on the taxable income. Income…

Q: Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer. Name…

A: Given that, filing status = head of the household  Total taxable income = $185300   The given…

Q: 1. A person had $3545 withheld for federal income taxes and had a tax liability of $3400. Would this…

A: Formula to calculate refund amount: Refund amount = Tax already paid or deposited or witheld…

Q: Given the following tax structure, what minimum tax would need to be assesse respect to average tax…

A: The average tax rate is calculated by dividing the total tax paid by the taxable income. While…

Q: The 2010 U.S. Federal tax rate for single individuals was as follows: 10% on an adjusted gross…

A: Answer: Given is the different tax rates on slab basis Tax function: Income limit Rate Tax…

Q: Ross Martin arrived at the following tax information:   Tax Information Gross salary $ 56,145…

A: Taxable Income: The portion of the income that is subject to tax during the year is known as taxable…

Q: You pay personal taxes on your calculated ____ income. a. adjusted gross b. marginal  c. taxable d.…

A: Explanation: Gross income is the sum of all the income an individual earns in a given financial year…

Q: The tax liability for earnings before taxes of $81,300 is $ (Round to the nearest dollar.)

A: The total amount of tax debt owed by an individual, corporation, or other entity to a taxing…

Q: How do I calculate the before-tax total amount if the tax is 40% and after-tax amount is 1255162.00?…

A: Tax amount reduced from the before tax amount results in after tax amount.  The given tax rate is…

Q: For the person​ below, calculate the FICA tax and income tax to obtain the total tax owed. Then find…

A: Gross pay: It is the total amount of wages earned by employees without deducting any taxes or…