FP101_r5_Wk8_Ramsay_Tax_Return

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Unformatted text preview: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Line 5 + line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If line 9 is $175,000 or less ($87,500 or less if married filing separately), multiply line 9 by 26%. Otherwise, multiply line 9 by 28% and subtract $3,500 ($1,750 if married filing separately) from result . . . . . . . . . . . . . . . . . . . . 27 8,000 14,275 7,000 7,275 Not For Filing Not For Filing Did you use the Qualified Dividends and Capital Gain Tax Worksheet to figure the tax on the amount on Form 1040A, line 27? No. Skip lines 11 - 21; enter the amount from line 10 on line 22 and go to line 23. Yes. Enter the amount from line 4 of that Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Smaller of line 9 or line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Line 9 minus line 12 . . . . . . . . . . . . . . . . . . . . . ....
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This note was uploaded on 02/03/2014 for the course FP/101 FP/101 taught by Professor Nicoleramig during the Winter '10 term at University of Phoenix.

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