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Gordon Ramsay’s butler is filling out his taxes for 2017. He has income of $ 104,700 and will...

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Question

Accounting

Gordon Ramsay’s butler is filling out his taxes for 2017. He hasincome of $

104,700 and

will file as HoH because he has one baby girl. He will take thestandard deduction and use the

$1,000 child tax credit as well. The total amount withheld forfederal taxes was $16,563.

a.

[7 pts]

How much is the total tax bill for the butler?

b Explain if the butler will owe tax or get a refund anddetermine how much (either

way).

C

Using no computations:

If the butler decided to marry a woman who has no

income in 2015, would this be a case of marriage penalty or

marriage bonus? Explain.

Answer & Explanation Solved by verified expert
4.1 Ratings (855 Votes)
Answer Please paste this in Excel Answers for a b Computation of Head of Household tax bill of Butler Particulars Amount Note No Total Income 10470000 Total tax bill 2042750 Note1 Less Child Tax Child 100000 Net Tax Bill 1942750 Less With Held for Federal Taxes    See Answer
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