12. Given the 2022 individual income tax bracket (filling status: single), calculate the federal taxes...

60.1K

Verified Solution

Question

Accounting

image

12. Given the 2022 individual income tax bracket (filling status: single), calculate the federal taxes owed by someone who made $410,000. (Round to the nearest dollar).

13. Given the 2022 individual income tax bracket (filling status: single), calculate the average tax rate for someone that made $410,000. Enter percentages as decimals and round to 4 decimals (e.g. 0.2555)

14. Given the 2022 individual income tax bracket (filling status: single), calculate the marginal tax rate for someone that made $410,000. Enter percentages as decimals and round to 4 decimals (e.g. 0.2555)

\begin{tabular}{lr} \hline TAX & SINGLE \\ RATE & $0 to $10,275 \\ \hline 10% & $10,276 to \\ \hline 12% & $41,775 \\ \hline 22% & $41,776 to \\ & $89,075 \\ \hline 24% & $89,076 to \\ & $170,050 \\ \hline 32% & $170,051 to \\ & $215,950 \\ \hline 35% & $215,951 to \\ & $539,900 \\ \hline 539,901 or more \end{tabular} \begin{tabular}{lr} \hline TAX & SINGLE \\ RATE & $0 to $10,275 \\ \hline 10% & $10,276 to \\ \hline 12% & $41,775 \\ \hline 22% & $41,776 to \\ & $89,075 \\ \hline 24% & $89,076 to \\ & $170,050 \\ \hline 32% & $170,051 to \\ & $215,950 \\ \hline 35% & $215,951 to \\ & $539,900 \\ \hline 539,901 or more \end{tabular}

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