Determine the tax liability for tax year 2017 in each of thefollowing instances. In...

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Accounting

Determine the tax liability for tax year 2017 in each of thefollowing instances. In each case, assume the taxpayer can takeonly the standard deduction.

Use the appropriate Tax Tables and Tax Rate Schedules.
Tax table link:http://lectures.mhhe.com/connect/cruz11e_1259713733/2017_tax_table.pdf
Tax Rate Schedules Link:http://lectures.mhhe.com/connect/cruz11e_1259713733/2017_tax_rate_schedule.pdf
A single taxpayer, not head of household, with AGI of $23,493and one dependent.
A single taxpayer, not head of household, with AGI of $169,783and no dependents. (Round your intermediate computations totwo decimal places and final answer to the nearest dollaramount.)
A married couple filing jointly with AGI of $39,945 and twodependents.
A married couple filing jointly with AGI of $162,288 and threedependents. (Round your intermediate computations to twodecimal places and final answer to the nearest dollaramount.)
A married couple filing jointly with AGI of $301,947 and onedependent. (Round your intermediate computations to twodecimal places and final answer to the nearest dollaramount.)
A taxpayer filing married filing separately with AGI of $68,996and one dependent.
A qualifying widow, age 66, with AGI of $49,240 and onedependent.
A head of household with AGI of $14,392 and two dependents.
A head of household with AGI of $59,226 and one dependent.

(For all requirements, use the Tax Tables for taxpayerswith taxable income under $100,000 and the Tax Rate Schedules forthose with taxable income above $100,000.)

Tax Liability
a.
b.
c.
d.
e.
f.
g.
h.
i.

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4.4 Ratings (661 Votes)

Part A Taxable income 23493 standard deduction 6350 personal exemption and dependency exemption 24050 9043 Tax liability 904310 9043 904 Part B Taxable income 169783 standard deduction 6350 personal exemption and dependency exemption 4050 159383 Tax See Answer

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In: AccountingDetermine the tax liability for tax year 2017 in each of thefollowing instances. In each...Determine the tax liability for tax year 2017 in each of thefollowing instances. In each case, assume the taxpayer can takeonly the standard deduction.Use the appropriate Tax Tables and Tax Rate Schedules.Tax table link:http://lectures.mhhe.com/connect/cruz11e_1259713733/2017_tax_table.pdfTax Rate Schedules Link:http://lectures.mhhe.com/connect/cruz11e_1259713733/2017_tax_rate_schedule.pdfA single taxpayer, not head of household, with AGI of $23,493and one dependent.A single taxpayer, not head of household, with AGI of $169,783and no dependents. (Round your intermediate computations totwo decimal places and final answer to the nearest dollaramount.)A married couple filing jointly with AGI of $39,945 and twodependents.A married couple filing jointly with AGI of $162,288 and threedependents. (Round your intermediate computations to twodecimal places and final answer to the nearest dollaramount.)A married couple filing jointly with AGI of $301,947 and onedependent. (Round your intermediate computations to twodecimal places and final answer to the nearest dollaramount.)A taxpayer filing married filing separately with AGI of $68,996and one dependent.A qualifying widow, age 66, with AGI of $49,240 and onedependent.A head of household with AGI of $14,392 and two dependents.A head of household with AGI of $59,226 and one dependent.(For all requirements, use the Tax Tables for taxpayerswith taxable income under $100,000 and the Tax Rate Schedules forthose with taxable income above $100,000.)Tax Liabilitya.b.c.d.e.f.g.h.i.