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12 October, 21:17

Robert is a single taxpayer who has AGI of $145,000 in 2019; his taxable income is $122,000. What is his federal tax liability for 2019? a. $18,719.00 b. $9,480.00 c. $23,569.50 d. $23,454.50 e. $29,280.00

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  1. 13 October, 00:23
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    His tax liability for 2019 (due April 2020) is $23,359.50

    Explanation:

    Since Robert s a single filer, he falls under the fourth tax bracket: income between $84,201 to $160,725. His marginal tax rate is 24%, and his total taxes due are as following:

    tax rate earnings taxes due

    10% $0 - $9,875 $987,50

    12% $9,875 - $40,125 $3,630

    22% $40,126 - $85,525 $9,988

    24% $85,526 - $122,000 $8,754

    total $23,359.50

    *Option C is the closest one, but it used the 2018 tax brackets, not the 2019.
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