   Chapter 18, Problem 22AT ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# As an accountant for the Give Me A Break Tax Service, use the Tax Table, Exhibit 18-3, or the Tax Computation Worksheet, Exhibit 18-4, whichever is appropriate, to calculate the tax liability for the following clients. Name Filing Status Taxable Income Tax Liability 22. Whitney Single $70,890 To determine To calculate: The tax liability for Whitney whose filing status is single and the taxable income of the Whitney is$70,890.

Explanation

Given Information:

The taxable income of the Whitney is $70,890. As an account for the give me a tax break tax service, refer to the tax table Exhibit 183 and 184 for the tax computation. Formula used: Steps to find tax liability by the use of tax table with taxable income less than$100,000 (Exhibit 183),

Step1: To find the range of taxable income, read down the first column “If line 43 ( Taxable Income ) is -”.

Step2: To find the tax liability, Scan down the column “And you are -” with appropriate filing status.

Calculation:

Consider the taxable income of the Whitney is \$70,890

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