determine the tax liability for tax year 2017 in each of the following instances

Question

determine the tax liability for tax year 2017 in each of the following instances. in each case, assume the taxpayer can take only the standard deduction. use the appropriate taxtable and tax rate schedules.
a. single taxpayer, not household, with AGI of $23493 and one dependent.
b. A single taxpayer, not head of household, with AGI of $169783 and no dependents.
c. A married couple filling jointly with AGI of $39945 and two dependents.
d. a married couple filling jointly with AGI of 162288 and three dependents. ( round your intermediate computation to two decimal places and final answer to the nearest amount)
e. A married couple filling jointly with AGI of $301947 and one dependent.
f.taxpayer filing separately with AGI of $68996 and one dependent.
g. A qualifying widow, age 66, with AGI of $ 49240 and one dependent.
h. A head of household with AGI of $14392 and two dependents.
I. A head of household with AGI of $59226 and one dependent

Explanation / Answer

EXPLANATION AND COMPUTATION ---

PART A -- Standard deduction - $6200 and two exemptions of $3950 each.

Therefore taxable income - $9393

Tax Liability - $953 (as per tax slabs)

PART B -- Standard deduction - $6200 and personal exemption of $3950 each.

Therefore taxable income - $159633

Tax Liability - $37873 (as per tax rate schedules)

PART C -- Standard deduction - $12400 and four exemption of $3950 each.

Therefore taxable income - $11745

Tax Liability - $1173 (as per tax tables)

PART D -- Standard deduction - $12400 and five exemption of $3950 each.

Therefore taxable income - $130138

Tax Liability - $24247 (as per tax rate schedules)

PART E -- Standard deduction - $12400 and three exemption of $3950 each.

Therefore taxable income - $277697

Tax Liability - $67545 (as per tax rate schedules)

PART F -- Standard deduction - $6200 and two exemption of $3950 each.

Therefore taxable income - $54896

Tax Liability - $9575 (as per tax tables)

PART G -- Standard deduction - $13600($12400+$1200) and two exemption of $3950 each.

Therefore taxable income - $27740

Tax Liability - $3251 (as per tax rate schedules)

PART H -- Standard deduction - $9100 and three exemption of $3950 each.

Therefore taxable income - ZERO

Tax Liability - ZERO

PART I -- Standard deduction - $9100 and two exemption of $3950 each.

Therefore taxable income - $42226

Tax Liability - $5686 (as per tax tables)

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