TEST BANK FOR
Taxation Of Individuals and Business Entities 2022
13th Edition by Spilker, Ayers, Lewis and Robinson,
all Chapter 1-25 covered
Versionx1 1
,Chapter 1 x
1) Thexfollowingxarexaxseriesxofxtablesxthatxmayxbexreferredxtox inxseveralxquestionsx thro
ughoutxyourxtest.xPleasexreferxtoxthesextablesxasxneededxorxasxdirected.xxx 2021xTaxxRatex Sche
dulesxxxIndividuals SchedulexX-Single
Ifxtaxablexincomexisx o Butxnotx Thextaxxis:
ver: over:
$x0 $x9,950 10%xofxtaxablexincome
$x9,950 $x40,525 $995xplusx12%xofxthexexcessxover
$9,950
$x40,525 $x86,375 $4,664xplusx22%xofxthexexcessxover
$40,525
$x86,375 $x164,925 $14,751xplusx24%xofxthexexcessxover
$86,375
$x164,925 $x209,425 $33,603xplusx32%xofxthexexcessxover
$164,925
$x209,425 $x523,600 $47,843xplusx35%xofxthexexcessxover
$209,425
$x523,600 — $157,804.25xplusx37%xofxthexexcessx ov
erx$523,600
SchedulexY-1-MarriedxFilingxJointlyxorxQualifyingxWidow(er)
Ifxtaxablexincomexisx o Butxnotx Thextaxxis:
ver: over:
$x0 $x19,900 10%xofxtaxablexincome
$x19,900 $x81,050 $1,990xplusx12%xofxthexexcessxover
$19,900
$x81,050 $x172,750 $9,328xplusx22%xofxthexexcessxover
$81,050
Versionx1 2
, $ 172,750 $ 329,850 $29,502xplusx24%xofxthexexcessxover
$172,750
$ 329,850 $ 418,850 $67,206xplusx32%xofxthexexcessxover
$329,850
$ 418,850 $ 628,300 $95,686xplusx35%xofxthexexcessxover
$418,850
$ 628,300 — $168,993.50xplusx37%xofxthexexcessx ov
erx$628,300
SchedulexZ-HeadxofxHousehold
Ifxtaxablexincomexisx o Butxnotx Thextaxxis:
ver: over:
$x0 $x14,200 10%xofxtaxablexincome
$x14,200 $x54,200 $1,420xplusx12%xofxthexexcessxover
$14,200
$x54,200 $x86,350 $6,220xplusx22%xofxthexexcessxover
$54,200
$x86,350 $x164,900 $13,293xplusx24%xofxthexexcessxover
$86,350
$x164,900 $x209,400 $32,145xplusx32%xofxthexexcessxover
$164,900
$x209,400 $x523,600 $46,385xplusx35%xofxthexexcessxover
$209,400
$x523,600 — $156,355xplusx37%xofxthexexcessx ov
erx$523,600
SchedulexY-2-MarriedxFilingxSeparately
Ifxtaxablexincomexisx o Butxnotx Thextaxxis:
ver: over:
$x0 $x9,950 10%xofxtaxablexincome
$x9,950 $x40,525 $995xplusx12%xofxthexexcessxover
$9,950
$x40,525 $x86,375 $4,664xplusx22%xofxthexexcessxover
$40,525
$x86,375 $x164,925 $14,751xplusx24%xofxthexexcessxover
$86,375
$x164,925 $x209,425 $33,603xplusx32%xofxthexexcessxover
$164,925
Versionx1 3
, $x209,425 $x314,150 $47,843xplusx35%xofxthexexcessxover
$209,425
$x314,150 — $84,496.75xplusx37%xofxthexexcessx ov
erx$314,150
2) Oswaldx isxbeginningxhisxfirstxtaxxcoursexandxdoesxnotxreallyxhavexaxsolidxunderstandingxofx t
hexrolexthatxtaxesxplayxinxvariousxdecisions.xPleasexdescribex forxOswaldxthexvariousxtypesxofx decisi
onsxthatxtaxesxmayxinfluence.
3) Determinexifxeachofxthexfollowingxisxaxtaxxandxwhyxorxwhyxnot.
a. $2.50xtollxpaidxonxthexFloridaxTurnpike
b. $300xticketxforxrecklessxdriving
c. 1xpercentxlocalxsurchargexonxhotelxroomsxtoxfundxpublicxroadways
d. 2xpercentxcityxsurchargexonxwagesxearnedx inxthexcityxofxPhiladelphia
Versionx1 4
