100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Test Bank for McGraw Hill's Taxation of Individuals 2025: Evergreen Release by Brian Spilker | Chap 1 to 7 CA$35.57   Add to cart
Quickly navigate to
Preview
  2.  
  3. Taxation
  4.  
  5. Taxation

Exam (elaborations)

Test Bank for McGraw Hill's Taxation of Individuals 2025: Evergreen Release by Brian Spilker | Chap 1 to 7
 101 views  3 purchases
  • Course
  • Taxation
  • Institution
  • Taxation

Test Bank for McGraw Hill's Taxation of Individuals 2025 Edition, Evergreen Release by Brian Spilker, Benjamin Ayers, John Barrick, John Robinson, Troy Lewis, Connie Weaver | Chap 1 to 7 are included in this document but complete chapters test bank are given in bundle package of this document. P...

[Show more]

Preview 4 out of 732  pages

Document information

  • August 11, 2024
  • 732
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mcgraw hills
  • taxation
  • individuals
  • 2025
  • evergreen
  • release
  • spilker
  • ayers
  • quiz bank
  • multiple choice
  • mcqs
  • essay questions
  • answers
  • 9781266219160
  • test bank
  • exam bank

Written for

  • Taxation
  • Taxation

Seller

avatar-seller
StepsSol

Reviews received

Content preview

1. Chap 01 2025 - An Introduction to Tax



The following are a series of tables that may be referred to in several questions throughout your test. Please refer to these tables as needed or as
directed.
2024 Tax Rate Schedules
Individuals
Schedule X-Single

If taxable income is over: But not over: The tax is:
$0 $ 11,600 10% of taxable income
$ 11,600 $ 47,150 $1,160 plus 12% of the excess over $11,600
$ 47,150 $ 100,525 $5,426 plus 22% of the excess over $47,150
$ 100,525 $ 191,950 $17,168.50 plus 24% of the excess over $100,525
$ 191,950 $ 243,725 $39,110.50 plus 32% of the excess over $191,950
$ 243,725 $ 609,350 $55,678.50 plus 35% of the excess over $243,725
$ 609,350 — $183,647.25 plus 37% of the excess over $609,350

Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)

If taxable income is over: But not over: The tax is:
$0 $ 23,200 10% of taxable income
$ 23,200 $ 94,300 $2,320 plus 12% of the excess over $23,200
$ 94,300 $ 201,050 $10,852 plus 22% of the excess over $94,300
$ 201,050 $ 383,900 $34,337 plus 24% of the excess over $201,050
$ 383,900 $ 487,450 $78,221 plus 32% of the excess over $383,900
$ 487,450 $ 731,200 $111,357 plus 35% of the excess over $487,450
$ 731,200 — $196,669.50 plus 37% of the excess over $731,200

Schedule Z-Head of Household

If taxable income is over: But not over: The tax is:
$0 $ 16,550 10% of taxable income
$ 16,550 $ 63,100 $1,655 plus 12% of the excess over $16,550
$ 63,100 $ 100,500 $7,241 plus 22% of the excess over $63,100

,$ 100,500 $ 191,950 $15,469 plus 24% of the excess over $100,500
$ 191,950 $ 243,700 $37,417 plus 32% of the excess over $191,950
$ 243,700 $ 609,350 $53,977 plus 35% of the excess over $243,700
$ 609,350 — $181,954.50 plus 37% of the excess over $609,350

Schedule Y-2-Married Filing Separately

If taxable income is over: But not over: The tax is:
$0 $ 11,600 10% of taxable income
$ 11,600 $ 47,150 $1,160 plus 12% of the excess over $11,600
$ 47,150 $ 100,525 $5,426 plus 22% of the excess over $47,150
$ 100,525 $ 191,950 $17,168.50 plus 24% of the excess over $100,525
$ 191,950 $ 243,725 $39,110.50 plus 32% of the excess over $191,950
$ 243,725 $ 365,600 $55,678.50 plus 35% of the excess over $243,725
$ 365,600 — $98,334.75 plus 37% of the excess over $365,600




 This question contains tables that students will need to reference in certain questions in this
chapter, and is intended for use with TestBuilder/print-based tests only. If you are creating a
Connect-based test, you do not need to assign this question as the individual questions on
Connect will provide students with hyperlinks to the corresponding tables.

,2. Award: 10.00 points




Taxes influence many types of business decisions but generally do not influence personal decisions.


 True

 False




References

True / False Difficulty: 1 Easy Learning Objective: 01-01 Demonstrate how taxes influence basic
business, investment, personal, and political decisions.

, 3. Award: 10.00 points




Taxes influence business decisions such as where a business should locate or how a business should be structured.


 True

 False




References

True / False Difficulty: 1 Easy Learning Objective: 01-01 Demonstrate how taxes influence basic
business, investment, personal, and political decisions.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller StepsSol. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$35.57. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

76799 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$35.57  3x  sold
  • (0)
  Add to cart