Compute the 2018 Federal income tax in the following cases. All are residents of New York State. Alan,...

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Accounting

Compute the 2018 Federal income tax in the followingcases.
All are residents of New York State.

Alan, single, lives by himself, income 145,000, Itemized deductions9,500.

Bob, single lives with his brother who was fired from his job in2016 and has not earned any money since then. Bob's income was115,000 and itemized deductions of 21,000.

Chad and Doris, married, no children ordependents.
Income itemized deductions
Chad 125,000 31,000
Doris 135,000 4,500
Compute tax for Chad and Doris using married joint and marriedseparate tax tables.

Ed, single earns 82,355 and had itemized deductions of 9,200.
Please show work
Sorry this is all my professor gave me in the email.

Answer & Explanation Solved by verified expert

3.8 Ratings (400 Votes)

AlanIncome 145000Itemized Deductions 9500 Since Itemized deduction is lessthan standard deduction we will use standard deductionStandard deduction 12000Taxable See Answer

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