2 - part a - i. In the city of Kings Landing, Bronn...
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Accounting
2 - part a - i.
In the city of Kings Landing, Bronn lives and works as a sell-sword (someone who is willing to fight with his sword for pay). His most recent client, Tyrion Lannister, has been very generous this year (2020) offering $25,000 per fight already for each of his first two fights this year. So, in total, he has earned $50,000 so far. However, Tyrion recently approached Bronn offering an additional $50,000 if he would be willing to fight Gregore Clegane the next day (still in 2020). This would be Bronns third fight for the year. Assume Bronn files as a single taxpayer and that whatever he receives from Tyrion constitutes his taxable income.
Use the appropriate Federal Tax Rate Schedule in Appendix D towards the back of your book to answer the following.
Fill in the blank: Bronn's total tax if he does not take the new fight (only completed the first two fights) is $___________.
Bronn's total tax if he does take the new fight in addition to the first two is $___________.
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