BUS 11 2ND ASSIGNMENT.docx - CALIFORNIA ASSIGNMENT#2 HUMA MEHERZAAD California Tax homework for Chapter 1 Go to Problem 40 on page 2-35 of the text

BUS 11 2ND ASSIGNMENT.docx - CALIFORNIA ASSIGNMENT#2 HUMA...

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CALIFORNIA ASSIGNMENT #2 HUMA MEHERZAAD 09/18/19 California Tax homework for Chapter 1.Go to Problem 40 on page 2-35 of the text. Calculate the California income tax liability for each situation (a-h), assuming that the taxpayers are California Residents. You may use the Tax Calculator on the FTB site. You must subtract the correct Exemption Credit amounts to arrive atthe correct income tax liability in each case.a.A married couple filing jointly with taxable income of 32,991. b.A married couple filing jointly with taxable income of $192,257 TAX LIABLILITY $12,150.77 OR $12,151 c.A married couple filing separately one spouse with taxable income of $43,885and the other with $56,218 TAX LIABLILITY, $1,385.18 AND 2,363.52 d.A single person with taxable income of $79,436 TAX LIABLILITY $4,520 e.A single person with taxable income of $297,784 TAX LIABLILITY $24,942
f. A head of household with taxable income of $96,592 TAX LIABLILITY $4,437 g. A qualifying widow with the taxable income of $14,019 TAX LIABLILITY $ 0 h. A married couple filing jointly with taxable income of $11,216 TAX LIABLILITY

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