Whitney received $75,000 of taxable income in 2019. All of the income was salary from...
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Whitney received $75,000 of taxable income in 2019. All of the income was salary from her employer. What is her income tax liability in each of the following alternative situations? Use Tax Rate Schedule for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
a. She files under the single filing status. What is her Income Tax Liability?
b. She files a joint tax return with her spouse. Together their taxable income is $75,000. What is the income liability?
2019 Tax Rate Schedules
Individuals
Schedule X-Single
If taxable incomeis over:
But not over:
The tax is:
$ 0
$ 9,700
10% of taxable income
$ 9,700
$ 39,475
$970 plus 12% of the excess over $9,700
$ 39,475
$ 84,200
$4,543 plus 22% of the excess over $39,475
$ 84,200
$160,725
$14,382.50 plus 24% of the excess over $84,200
$160,725
$204,100
$32,748.50 plus 32% of the excess over $160,725
$204,100
$510,300
$46,628.50 plus 35% of the excess over $204,100
$510,300
$153,798.50 plus 37% of the excess over $510,300
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)
If taxable income is over:
But not over:
The tax is:
$ 0
$ 19,400
10% of taxable income
$ 19,400
$ 78,950
$1,940 plus 12% of the excess over $19,400
$ 78,950
$168,400
$9,086 plus 22% of the excess over $78,950
$168,400
$321,450
$28,765 plus 24% of the excess over $168,400
$321,450
$408,200
$65,497 plus 32% of the excess over $321,450
$408,200
$612,350
$93,257 plus 35% of the excess over $408,200
$612,350
$164,709.50 plus 37% of the excess over $612,350
Schedule Z-Head of Household
If taxable incomeis over:
But not over:
The tax is:
$ 0
$ 13,850
10% of taxable income
$ 13,850
$ 52,850
$1,385 plus 12% of the excess over $13,850
$ 52,850
$ 84,200
$6,065 plus 22% of the excess over $52,850
$ 84,200
$160,700
$12,962 plus 24% of the excess over $84,200
$160,700
$204,100
$31,322 plus 32% of the excess over $160,700
$204,100
$510,300
$45,210 plus 35% of the excess over $204,100
$510,300
$152,380 plus 37% of the excess over $510,300
Schedule Y-2-Married Filing Separately
If taxable income is over:
But not over:
The tax is:
$ 0
$ 9,700
10% of taxable income
$ 9,700
$ 39,475
$970 plus 12% of the excess over $9,700
$ 39,475
$ 84,200
$4,543 plus 22% of the excess over $39,475
$ 84,200
$160,725
$14,382.50 plus 24% of the excess over $84,200
$160,725
$204,100
$32,748.50 plus 32% of the excess over $160,725
$204,100
$306,175
$46,628.50 plus 35% of the excess over $204,100
$306,175
$82,354.75 plus 37% of the excess over $306,175
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