Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability for the following taxpayers. Name Filing Status Taxable Income Tax Liability 10. Rua Head of Household $175,800 $36,554 11. Dylewski Married, Jointly $52,500 ANSWER$5,919 12. Williams Single $61,300 blank 2 13. Cabral Married, Separately $185,188 ANSWER$40,949.66 Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability for the followingtaxpayers.NameFilingStatusTaxableTax LiabilityIncome10.RuaJUMPSTARTWWWHead ofHousehold$175,800$36,55411.DylewskiMarried,$52,500ANSWERJointly12.WilliamsSingle$61,30013.CabralMarried,$185,188ANSWERSeparately

Calculation of Tax Liability of the Following Taxpayers:S. No.NameFilling StatusTaxable IncomeTax…

Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability for the following taxpayers. Name Filing Status Taxable Tax Liability Income 10. Rua JUMP START WWW Head of Household $175,800 $36,554 11. Dylewski Married, $52,500 ANSWER Jointly 12. Williams Single $61,300 13. Cabral Married, $185,188 ANSWER Separately

Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability for the following taxpayers. Name Filing Status Taxable Tax Liability Income 10. Rua JUMP START WWW Head of Household $175,800 $36,554 11. Dylewski Married, $52,500 ANSWER Jointly 12. Williams Single $61,300 13. Cabral Married, $185,188 ANSWER Separately

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability for the following taxpayers. Name Filing Status Taxable Income Tax Liability 10. Rua Head of Household $175,800 $36,554 11. Dylewski Married, Jointly $52,500 ANSWER$5,919 12. Williams Single $61,300 blank 2 13. Cabral Married, Separately $185,188 ANSWER$40,949.66