Answers
Question -- Determine the tax liability for tax year 2019. A taxpayer filling married filing separately with AGI of $68996 and one dependent.
Answer -
Computation of Tax Liability for Tax Year 2019
Taxable Income = AGI - Standard Deduction = ($68996 - $12200) = $56796.
| Tax Rate | Taxable Income ($) | Calculation | Amount ($) | |
| I. | 10% | 0 - 9700 | $9700 * 10% | 970 |
| II. | 12% | 9701 - 39475 | ($39475 - $9700) * 12% | 3573 |
| III. | 22% | 39476 - 84200 | ($56796 - $39475) * 22% | 3811 |
| Total | I + II +III | 8354 | ||
| Less: Child Tax Credit | $2000 per dependent | (2000) | ||
| Tax Liability for Tax Year 2019 | $8354 - $2000 | 6354 | ||
Similar Solved Questions
1 answer
How do you solve this? Animals have anywhere from one to three opsin genes in their...
how do you solve this? Animals have anywhere from one to three opsin genes in their genomes. These genes encode proteins that sense different wavelengths of light and confer color vision. a. The relationship between the human opsin gene that senses light in the blue range and the dog opsin gene tha...
1 answer
What is #f(x) = int xe^(x^2-1)+2x dx# if #f(0) = -4 #?
What is #f(x) = int xe^(x^2-1)+2x dx# if #f(0) = -4 #?...
1 answer
Chrome Master ingchemistry: HW 18 Gases Chapter 8A Secure https Intro Chem Winter 2017 HW 18...
Chrome Master ingchemistry: HW 18 Gases Chapter 8A Secure https Intro Chem Winter 2017 HW 18 Gases Chapter BA Problem-Solving Strategies: Guide to Using the Gas Laws Resources previous l 9 of 13 l net Part A Organize the data. Since volume and pressure are inversely related, we can make some assumpt...
1 answer
41.Suppose that )-for o < lowing probabilities: (a) P(l < X) (b) P <X<2.5) (c)P(X= 3)...
41.Suppose that )-for o < lowing probabilities: (a) P(l < X) (b) P <X<2.5) (c)P(X= 3) (d) P(X< 4) (e) P3 s x) Determine the fol-...
1 answer
Academy sports sells two products, football and baseball . Footballs make up 60% of sales and have...
Academy sports sells two products, football and baseball . Footballs make up 60% of sales and have a contribution margin ratio of 30%; Baseballs make up 40% of sales and have a contribution margin of 90%. What is the weighted average contribution margin for Academy sports?...
1 answer
How would you code this on matlab? Wirite a code to find an approximation for the composite trapezoidal rule. dr witiferent mumber of sabintervals using Use the following number of subintervals na...
How would you code this on matlab? Wirite a code to find an approximation for the composite trapezoidal rule. dr witiferent mumber of sabintervals using Use the following number of subintervals namely, n 10,n 20,n-40 andn 100 and calculate the global errors in each case. Wirite a code to find an...
1 answer
Is angle of elevation always measured from the HORIZONTAL AXIS?
Is angle of elevation always measured from the HORIZONTAL AXIS?...
1 answer
3.49 In the circuit of Figure P3.49 find the power (released or absorbed?) by each source...
3.49 In the circuit of Figure P3.49 find the power (released or absorbed?) by each source using (a) nodal analysis; (b) loop analysis; (c) the superposition principle. Which method do you prefer the most? The least? Why? 208 428 2 A Figure P3.49...
1 answer
Chapter 3- Culturally and Linguistically Diverse Students Define Cultural Pluralism (p. 50) Multicultural Education (p. 51)...
Chapter 3- Culturally and Linguistically Diverse Students Define Cultural Pluralism (p. 50) Multicultural Education (p. 51) Achievement gap (p. 54) Disproportionality Representation (pp. 56-57) Cross-cultural dissonance (pp. 60-61) Culturally responsive Instruction (pp. 62-63) SIOP-Sheltered Instruc...
1 answer
This is a differential equation question please solve them with steps and details also, make sure...
this is a differential equation question please solve them with steps and details also, make sure it is correct 2. (4 points each) Find the particular solutions for the following differential equations. (a) y" – 4y = 21...
1 answer
Questions number 5 5. An aqueous solution of glucose (C6H1206) freezes at -5.25°C (Kf for water...
Questions number 5 5. An aqueous solution of glucose (C6H1206) freezes at -5.25°C (Kf for water = 1.86 °C/n, Kb for water = 0.512 °C/n, freezing point of water = 0.00°C; boiling point of water = 100.0°C) a) Calculate the molality of the solution (S-points) Showu wrand worke b)...
1 answer
The heating element of a water heater in an apartment building has a maximum power output...
The heating element of a water heater in an apartment building has a maximum power output of 26 kW. Four residents of the building take showers at the same time, and each receives heated water at a volume flow rate of 15x10-5 m3/s. If the water going into the heater has a temperature of 10°C, wh...
1 answer
If a comet has a perihelion of 0.80 AU and an aphelion of 9.1 AU, what...
If a comet has a perihelion of 0.80 AU and an aphelion of 9.1 AU, what is the semi-major axis of the comet's orbit? Express the answer using two significant figures. axis: What is the period of the comet's orbit around the Sun? period: years...
1 answer
Please give very detailed explanation 3. For each expression a modn, find an integer b such...
please give very detailed explanation 3. For each expression a modn, find an integer b such that b = a mod n and o <b<n. (a) 77 mod 12. (b) -96 mod 7. (c) 1001 mod 3....
1 answer
Where is the thesis loated in tofexis concept in love Why Privtcy Matters Bren if Yert...
where is the thesis loated in tofexis concept in love Why Privtcy Matters Bren if Yert Have Nothinig to hide w t the Creoige Washington University Lw sa ing numerous books and articles on K. nternet sotove is the founder of is security training to corpoations and miver e btenet (2007, which won ...