Income tax scenarios. Use the 2020 NC State Income Tax Form provided to compute the...
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Income tax scenarios. Use the 2020 NC State Income Tax Form provided to compute the required values, making sure to show your calculation steps. 1. Carlos is getting a new job and is reviewing his financial situation. a. Carlos decided to review his NC State 2020 tax bill. He knew his Federal Adjusted Gross Income was $35,283, and noticed that he would be entering $0 for lines 2, 4, and 5. In 2020, he would be filing as a single taxpayer and claiming a standard deduction. Determine the amount of 2020 NC tax due. (Ignore Line 9) b. Carlos and Gabriela are considering getting married and Carlos wondered what their tax bill would be together. He texted her to look up her tax information and find her Federal Adjusted Gross Income She replied that it was $40,414. Determine the amount of 2020 NC tax due if Carlos and Gabriela would have under the same circumstances in part (a), but filed jointly as a married couple. C. That answer in (b) seemed high to Carlos, so he calculated Gabriela's individual tax assessment. Determine the amount of 2020 NC tax due if Gabriela filed as an individual. Income tax scenarios. Use the 2020 NC State Income Tax Form provided to compute the required values, making sure to show your calculation steps. 1. Carlos is getting a new job and is reviewing his financial situation. a. Carlos decided to review his NC State 2020 tax bill. He knew his Federal Adjusted Gross Income was $35,283, and noticed that he would be entering $0 for lines 2, 4, and 5. In 2020, he would be filing as a single taxpayer and claiming a standard deduction. Determine the amount of 2020 NC tax due. (Ignore Line 9) b. Carlos and Gabriela are considering getting married and Carlos wondered what their tax bill would be together. He texted her to look up her tax information and find her Federal Adjusted Gross Income She replied that it was $40,414. Determine the amount of 2020 NC tax due if Carlos and Gabriela would have under the same circumstances in part (a), but filed jointly as a married couple. C. That answer in (b) seemed high to Carlos, so he calculated Gabriela's individual tax assessment. Determine the amount of 2020 NC tax due if Gabriela filed as an individual

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