BMGT323 - chapter 11 HW - 5

819750 54650 15 the nex t 5465072500 17850 of

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Unformatted text preview: $ 8,197.50 $54,650 × 15% . The nex t $54,650($72,500 − $17,850) of Ron and Anne’s $401,000 of ordinary inc ome is tax ed at 15% . $ 18,475 $73,900 × 25% The nex t $73,900 of Ron and Anne’s $401,000 of ordinary inc ome is tax ed at 25% . $ 21,462 The nex t $76,650 ($223,050 − $146,400) of Ron and Anne’s $401,000 of ordinary inc ome is tax ed at 28% $ 57,849 The nex t $175,300 ($398,350 − $223,050) of Ron and Anne’s $401,000 or ordinary inc ome is tax ed at 33% . $ 927.50 $2,650 × 35% $2,650 ($401,000 − $398,350) tax ed in 35% ordinary inc ome brac k et. $ 840 $3,000 × 28% 25% $ 15% $ $162,000; 0/15/20% rate c apital gains 20% $ Gros s tax liability 7,500 $30,000 × 25% 2,400 $16,000 × 15% All of the remaining $162,000 ($178,000 − $16,000) of 0/15/20% c apital gain is in the 39.6% ordinary inc ome brac k et s o it is tax ed at 20% . 32,400 $162,000 × 20% All of the remaining $162,000 ($178,000 − $16,000) of 0/15/20% c apital gain is in the 39.6% ordinary inc ome brac k et s o it is tax ed at 20% . $ 151,836 ezto.mhecloud.mcg r aw- hill.com/hm_accounting .tpx?todo= pr intviewSing le 4/4...
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