Homework 6.3 Homework (Ch. 13-14). Score 0 of 1 pt 15 of 45 (14 com.docx - Homework 6.3 Homework(Ch 13-14 Score 0 of 1 pt 15 of 45(14 complete HW Score

# Homework 6.3 Homework (Ch. 13-14). Score 0 of 1 pt 15 of 45 (14 com.docx

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Unformatted text preview: Filing status and exemptions Single individual (1 exemption) Married with 3 children (5 exemptions) Single, head of household, 2 children (3 exemptions) Taxable income \$0 - \$18,550 \$18,551 - \$75,300 \$75,301 - \$151,900 \$151,901 - \$231,450 \$231,451 - \$413,350 \$413,351 - \$466,950 \$466,951 or more Total Deduction 1 x \$4050 = \$4050 5 x \$4050 = \$20,250 3 x \$4050 = \$12,150 Finding Standard Deductions MARRIED FILING JOINTLY Find the Tax 10% \$1,855 plus 15% of the amount over \$18,550 \$10,367.50 plus 25% of the amount over \$75,300 \$29,517.50 plus 28% of the amount over \$151,900 \$51,791.50 plus 33% of the amount over \$231,450 \$111,818.50 plus 35% of the amount over \$413,350 \$130,578.50 plus 39.6% of the amount over \$466,950 � \$6,300 for single taxpayers \$12,600 for married taxpayers filing jointly \$6,300 for married taxpayers filing � separately \$9,300 for head of household Print Done Print � Done Print Done...
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