Econ of Taxation III

Econ of Taxation III - 0.0733 Marginal Tax Rate 0.15...

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Column1 Column2 Column3 Column4 Problem 5 Income  $95,000  College Tuition  $19,000  AGI  $76,000  Child Care  $6,000  Mortgage Interest  $6,500  Medical Expenses  $9,600  College Tuition  $19,000  Personal Exemption $3,050  3 9150 Standard Deducation 8350 Medical Exemptions 0.126 0.08 4875 Mortgage Exemption 6500 Child Care Credit 0.12  $720  Total Credits 29595 Taxable Income  $46,405  Taxes 0.15  6,960.75  Average Tax Rate
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Unformatted text preview: 0.0733 Marginal Tax Rate 0.15 Column1 Column2 Column3 Problem 6 10,000 0.1 $1,000.00 50,000 0.25 $10,000.00 72,000 0.35 $7,700.00 Mr. Campbell Tax $18,700.00 10,000 0.1 $1,000.00 50,000 0.25 $10,000.00 55,000 0.35 $1,750.00 Mrs. Campbell Tax $12,750.00 20,000 0.1 $2,000.00 100,000 0.25 $20,000.00 127,000 0.35 $9,450.00 Joint Campbell Tax $31,450.00...
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