Question

Whitney received $75,700 of taxable income in 2022 . All of the income was salary from her employer. What is her income tax liability in each of the following alternative situations? Use Tax Rate Schedule for reference. Note: Do not round intermediate calculations.

Answer 1

Whitney's income tax liability for 2022 is $16,654.

Step-by-step explanation:

To calculate Whitney's income tax liability, we need to determine the tax rate that applies to her taxable income. From the given information, we can assume that the tax rates are the same as those in the tax rate schedule referenced. The tax rate schedule provides the tax owed for different income brackets.

Based on the tax rate schedule, we can determine that Whitney falls into the 22% tax bracket since her taxable income is $75,700. To calculate her income tax liability, we multiply her taxable income by the tax rate: $75,700 x 0.22 = $16,654.

Therefore, Whitney's income tax liability for 2022 is $16,654.