Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. can you solve with working please. 4 (20 points).

Can you solve with working please. 4 (20 points). An unmarried taxpayer with no...

70.2K

Verified Solution

Question

Accounting

image

Can you solve with working please.

4 (20 points). An unmarried taxpayer with no dependents had an adjusted gross income of $102,000 in 2014. His total itemized deductions were $9,850. What was his federal income tax? 2014 federal tax brackets married head of ratesingle joint separate household 10% 15% 36900 73800 36900 49400 25% 89350 148850 74425 127550 28% 186350 226850 113425 206600 33% 405100 405100 202550 405100 35% 406750 457600 228800 432200 39.6% >406750 >457600 >228800 >432200 9075 18150 9075 12950 standard deduction 6200 12400 6200 9100 phase 254200 305050 out (AGI) 376700 427550 Personal exemption amount is $3950/person

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

Civil Engineering
1.2K views

Why, a fiber optic cable cannot be called as a transmission line? Also clarify what are...

Electrical Engineering
1.2K views

An analog signal has a constant magnitude spectrum upto 4KHz. After 4KHz, the spectrum attenuates at...

Advance Math
1.2K views

using MATLAB : x = [0.3036 0.6168 0.7128 0.7120 0.9377 0.7120 0.3989 0.3028 0.3036 0.5293]; y = [0.1960...

Biology
1.2K views

or Strategic Defense Initiative is also known more popularly as Star Wars A EPA B...

Physics
1.2K views

6 Light of wavelength 330 nm falling on a piece of metal ejects electrons with...

Physics
1.2K views

13 Two equal point charges A and B are R distance apart A third point...

Calculus
1.2K views

For the point 1 and c give the rectangular coordinates of the point 3x 4...

Algebra
1.2K views

The solution s to sin x sin x for 0 x 2 is are a...

Accounting
1.2K views

Recently, Claries Clothing Inc. (CCI), a Canadian company, received an order to sell to a...

Accounting
1.2K views

(a) Give examples of how auditors gather information to help execute each step in Audit...

Accounting
1.2K views

When management compares the budget to actual results, which of the following is being fulfilled?...

Accounting
1.2K views

The following data represent the beginning inventory and, in order of occurrence, the purchases and...