Problem 1-45 (LO 1-4)
Havel and Petra are married, will file a joint tax return, andmeet the requirements to file a Form 1040EZ. Havel has W-2 incomeof $46,152, and Petra has W-2 income of $47,289.
Use the appropriate Tax Tables and Tax Rate Schedules.
What is their tax liability using the Tax Tables?
What is their tax liability using the Tax Rate Schedule
a. Tax liability using Tax Tables__________
b. Tax liability using Rate Schedule __________
Tax Table
Taxable income is –
At least But less than Married joint
93,400 93,450 14,899
Tax Rate Schedules.
Schedule Y-1-Married Filing Jointly of Qualifying Widow(er
If taxable
income isover: But notover: The tax is:
$0 $18,550 10% of taxable income
$18,550 $75,300 $1,855.00 plus 15% of the excess over 18,550
$75,300 $151,900 $10.367.50 plus 25%of the excess over $75,300
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