Ms. Gomez earned a $111,000 salary, and Mr. Hill earned a $202,000 salary. Neither individual had any other income, and

[answerhappygod]

Ms Gomez Earned A 111 000 Salary And Mr Hill Earned A 202 000 Salary Neither Individual Had Any Other Income And 1 (62.31 KiB) Viewed 17 times

Ms. Gomez earned a $111,000 salary, and Mr. Hill earned a $202,000 salary. Neither individual had any other income, and neither can itemize deductions. Assume the taxable year is 2021. Use Individual Tax Rate Schedules and Standard Deduction Table. Required: a. Compute Ms. Gomez and Mr. Hill's combined tax if they file as single individuals. b. Compute Ms. Gomez and Mr. Hill's tax if they are married and file a joint return. Complete this question by entering your answers in the tabs below. Required A Required B Compute Ms. Gomez and Mr. Hill's combined tax if they file as single individuals. (Round your final answers to the nearest whole dollar amount.) Amount Ms. Gomez's Tax Mr. Hill's Tax Combined tax $ 0 < Required A Required B >

Individual Tax Rate Schedules Married Filing Jointly and Surviving Spouse If taxable income is Not over $19,900 Over $19,900 but not over $81,050 Over $81,050 but not over $172,750 Over $172,750 but not over $329,850 Over $329,850 but not over $418,850 Over S418,850 but not over $628,300 Over $628,300 The tax is 10% of taxable income $1,990.00 + 12% of excess over $19,900 $9,328.00 + 22% of excess over $81,050 $29,502.00 +24% of excess over $172,750 $67,206.00 + 32% of excess over $329,850 $95,686.00 + 35% of excess over $418,850 $168.993.50 +37% of excess over $628,300 Married Filing Separately If taxable income is Not over $9.950 Over $9,950 but not over S40,525 Over $40,525 but not over $86,375 Over $86,375 but not over $164,925 Over $164,925 but not over $209,425 Over $209,425 but not over $314,150 Over S314,150 The tax is 10% of taxable income $995.00 + 12% of excess over $9,950 S4,664.00 + 22% of excess over $40,525 S14,751.00 +24% of excess over $86,375 $33,603.00 + 32% of excess over $164,925 S47,843.00 + 35% of excess over $209,425 $84,496.75 + 37% of excess over $314,150 Head of Household If taxable income is Not over $14,200 Over $14,200 but not over $54,200 Over $54,200 but not over $86,350 Over $86,350 but not over $164,900 Over $164,900 but not over $209,400 Over $209,400 but not over $523,600 Over S523,600 The tax is 10% of taxable income $1,420.00 + 12% of excess over $14,200 $6,220.00 + 22% of excess over $54,200 $13,293.00 +24% of excess over $86,350 $32,145.00 + 32% of excess over $164,900 $46,385.00 + 35% of excess over $209,400 $156,355.00 + 37% of excess over $523,600 Single If taxable income is Not over $9,950 Over $9,950 but not over $40,525 Over $40,525 but not over $86,375 Over $86,375 but not over $164,925 Over $164,925 but not over $209,450 Over $209,450 but not over $523,600 Over S523,600 The tax is 10% of taxable income $995.00 + 12% of excess over $9,950 $4,664.00 + 22% of excess over $40,525 $14,751.00 + 24% of excess over $86,375 $33,603.00 + 32% of excess over $164,925 $47,843.00 + 35% of excess over $209,425 $157,804.25 +37% of excess over $523,600

Married filing jointly and surviving spouses Married filing separately Head of household Single $25,100 12,550 18,800 12,550