![TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions<br>Uemamied,<br>direrced, er<br>legally separated<br>Married and sach<br>partner files<br>paate tar ete<br>Married and berh<br>parteen file<br>single tar retere<br>Unmarried and pying mare<br>than half the cest of<br>supporting a child or parent<br>Married Filing<br>Separately<br>Married<br>Filing Jointly<br>Head of<br>Tax Rate<br>Single<br>Household<br>up to $18,550<br>S18,551 to $75,300<br>up to $9275<br>up to $13.250<br>10%<br>up to $9275<br>15%<br>$9276 to $37.650<br>$9276 to $37,65o<br>$13.251 to $50,400<br>25%<br>S37.651 to $91.150<br>$37,651 to $75.950<br>$75,301 to $151,900<br>S50,401 to $130,150<br>28%<br>$91.151 to $190,150<br>S75,951 to $115,725<br>$151.901 to $231.450 $130,151 to $210,800<br>33%<br>$190,151 to $413,350<br>$115,726 to $206,675<br>$231,451 to $413,350 $210,801 to $413,350<br>35%<br>$413.351 to $415,050<br>$206,676 to $233,475<br>$413.351 to $466,950 $413,351 to $441,000<br>39.6%<br>more than $415,050<br>more than $233,475<br>more than $466,950<br>more than $441,000<br>Standard<br>Deduction<br>$6300<br>$6300<br>$12,600<br>$9300<br>Exemptions<br>(per person)<br>$4050<br>$4050<br>$4050<br>$4050<br>Use the 2016 marginal tax rates in the above table to<br>calculate the federal tax owed by an unmarried head<br>of household with one dependent child whose gross<br>income, adjustments, deductions, and credits are given<br>as follows:<br>Gross income: $40,000<br>Adjustments: $1500<br>Deductions: $3600: state taxes<br>$800: charitable contribution<br>Tax credit: $2500<br>Fill in the blank based on the above information.<br>Adjusted gross income =<br>Total exemption for 2 persons =<br>Taxable Income = [answer3] - ([answer9] + 9300) =<br>(Note: Here we use standared deduction)<br>Tax computation =<br>Income tax =<br>(Round to the<br>nearest cent)<br>](https://s3.us-east-1.amazonaws.com/storage.unifolks.com/qimg-008/008_9f5xz0-nzr1sypp.jpeg)
Extracted text: TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Uemamied, direrced, er legally separated Married and sach partner files paate tar ete Married and berh parteen file single tar retere Unmarried and pying mare than half the cest of supporting a child or parent Married Filing Separately Married Filing Jointly Head of Tax Rate Single Household up to $18,550 S18,551 to $75,300 up to $9275 up to $13.250 10% up to $9275 15% $9276 to $37.650 $9276 to $37,65o $13.251 to $50,400 25% S37.651 to $91.150 $37,651 to $75.950 $75,301 to $151,900 S50,401 to $130,150 28% $91.151 to $190,150 S75,951 to $115,725 $151.901 to $231.450 $130,151 to $210,800 33% $190,151 to $413,350 $115,726 to $206,675 $231,451 to $413,350 $210,801 to $413,350 35% $413.351 to $415,050 $206,676 to $233,475 $413.351 to $466,950 $413,351 to $441,000 39.6% more than $415,050 more than $233,475 more than $466,950 more than $441,000 Standard Deduction $6300 $6300 $12,600 $9300 Exemptions (per person) $4050 $4050 $4050 $4050 Use the 2016 marginal tax rates in the above table to calculate the federal tax owed by an unmarried head of household with one dependent child whose gross income, adjustments, deductions, and credits are given as follows: Gross income: $40,000 Adjustments: $1500 Deductions: $3600: state taxes $800: charitable contribution Tax credit: $2500 Fill in the blank based on the above information. Adjusted gross income = Total exemption for 2 persons = Taxable Income = [answer3] - ([answer9] + 9300) = (Note: Here we use standared deduction) Tax computation = Income tax = (Round to the nearest cent)