Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. here are the u.s. tax rates and their correspondin

Here are the U.S. tax rates and their corresponding tax brackets based on filing status...

70.2K

Verified Solution

Question

Finance

image

Here are the U.S. tax rates and their corresponding tax brackets based on filing status for single individuals (i.e. not corporations) If taxable income is: Then income tax equals: Not over $9,875 10% of the taxable income $987.50 plus 12% of the excess over Over $9,875 but not over $40,125 $9,875 $4,617.5 plus 22% of the excess over Over $40,125 but not over $85,525 $40,125 $14,605.5 plus 24% of the excess Over $85,525 but not over $163,300 over $85,525 Over $163,300 but not over $33,271.5 plus 32% of the excess $207,350 over $163,300 Over $207,350 but not over $47,367.5 plus 35% of the excess $518,400 over $207,350 $156,235 plus 37% of the excess over Over $518,400 $518,400 Layla's taxable income for 2019 was $178,023. How much are her federal income taxes to the nearest dollar? Do not enter $ sign or thousands comma -> 1000 and not $1,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Heart disease is a common problem in Americans , How quickly does heart disease develop and what...

Medical Sciences
Q

C++.how to write a selection sort to sort it. read_book_data() This member function takes one parameter, a...

Programming
Q

The largest downward force you can exert on a certain multiple pulley system = 777 N....

Physics
Q

The mass of the sun is 2*1030 kg. It currently consists to about 70% (mass) of...

Physics
Q

Blake has developed a new measure of personality to assess what personality type people have. It...

Psychology
Q

Convert the angle measure 3?/4 rads to a degree measure.90115120135?

Geometry
Q

1 A 0 Smole of gas at temperature 300K expand Isothermally from an initial volume...

Basic Math
Q

About 5% of the population has a particular genetic mutation. 700 people are randomly selected.Round...

Basic Math
Q

Find the marked price and sales tax. (F)

Accounting
Q

Father Watkins received $50,000 in ministerial earnings: $35,000 salary for ministerial services, $5,000 for performing...

Accounting
Q

Q.N.1 Which of the following statements is incorrect? Select one: Where consolidated financial...

Accounting
Q

At the beginning of 2016, Advanced Airline purchased a used airplane at a cost of...

Accounting