1. Barry Cuda is single and had wages of $55,400 and interest income of $1,100....

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Accounting

  1. image1. Barry Cuda is single and had wages of $55,400 and interest income of $1,100. He also had itemized deductions of $14,635. Calculate Barrys tax liability, MTR and ATR.

Gross income:

Adjustments:

Adjusted gross income:

Standard/itemized deduction:

Subtotal:

Personal exemption:

Taxable income:

Tax liability:

Average/ Marginal tax rates:

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