Kana is a single wage earner with no dependents and taxable income of $168,700 in 2021. Her 2020 taxable income was $155
Posted: Sun Apr 17, 2022 7:06 pm
Kana is a single wage earner with no dependents and taxable
income of $168,700 in 2021. Her 2020 taxable income was $155,000
and tax liability was $31,375. Calculate Kana's 2021
income tax liability and the minimum required 2021 annual payment
necessary to avoid any penalty. Round your answers to two
decimal places. income tax rate schedules.
Kana's 2021 income tax liability: $
Kana's minimum required 2021 annual payment necessary to avoid any
penalty: $
The tax is: of the amount over- Schedule X-If your filing status is Single If your taxable income is: But not Over- over- $0 $9.950 9,950 40,525 40,525 86,375 86,375 164,925 164,925 209,425 209,425 523,600 523,600 10% $995.00 + 12% 4,664.00 + 22% 14,751.00 + 24% 33,603.00 + 32% 47,843.00 + 35% 157,804.25 + 37% $0 9,950 40,525 86,375 164,925 209,425 523,600
income of $168,700 in 2021. Her 2020 taxable income was $155,000
and tax liability was $31,375. Calculate Kana's 2021
income tax liability and the minimum required 2021 annual payment
necessary to avoid any penalty. Round your answers to two
decimal places. income tax rate schedules.
Kana's 2021 income tax liability: $
Kana's minimum required 2021 annual payment necessary to avoid any
penalty: $
The tax is: of the amount over- Schedule X-If your filing status is Single If your taxable income is: But not Over- over- $0 $9.950 9,950 40,525 40,525 86,375 86,375 164,925 164,925 209,425 209,425 523,600 523,600 10% $995.00 + 12% 4,664.00 + 22% 14,751.00 + 24% 33,603.00 + 32% 47,843.00 + 35% 157,804.25 + 37% $0 9,950 40,525 86,375 164,925 209,425 523,600