The W-2 income of Sandra, a single taxpayer, was $88,793. Determine Sandra's tax liability. Use the...
The W-2 income of Sandra, a single taxpayer, was $88,793.
Determine Sandra's tax liability.
Use the appropriate 2019 Tax Tables.
Homework Answers
sandra income=$88793
sandra income in rupees=
1$=73.70
then , 88793$=73.7rs*88793$ = 65,44,044.1
round off income u/s288A=65,44,040
"Assuming sandra is Resident of india"
Calculation of tax liability
tax on first 250000 = NIL
tax on next 250000 @5% = 12,500
tax on next 500000 @20%= 1,00,000
tax on next 5544040 @30% = 16,63,212
total tax 17,75,712
add: health and education cess @4%= 71,028.48
net tax liability = 18,46,740.48
round off tax liability u/s288B 18,46,740
Add Answer to:
The W-2 income of Sandra, a single taxpayer, was $88,793.
Determine Sandra's tax liability.
Use the...
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