Business, 18.03.2021 01:40 danielburke24
Personal Income Taxes - 2 Points (You must show your computations to receive credit.)
28 . Using the tax table provided, compute the income tax due for Susie and Josh Adams whose taxable income for the past year is $181,050.
Income Tax
Over Not Over The Tax is: Of the Amount Over
$- $19,750 $0 + 10% $-
19,750 80,250 1,975 + 12% 19,750
80,250 171,050 9,235 + 22% 80,250
171,050 326,600 29,211 + 24% 171,050
326,600 414,700 66,543 + 32% 326,600
414,700 622,050 94,735 + 35% 414,700
622,050 167,308 + 37.0% 622,050
Answers: 3
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Personal Income Taxes - 2 Points (You must show your computations to receive credit.)
28 . Using th...
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