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(Solved):   How to figure out income tax? Rashad, an unmarried individual with four dependent childre ...



Rashad, an unmarried individual with four dependent children (ages 5 to 15) had the following income items:
Rashad had \( \$

 

How to figure out income tax?

Rashad, an unmarried individual with four dependent children (ages 5 to 15) had the following income items: Rashad had \( \$ 35,500 \) in itemized deductions. Required: Compute Rashad's income tax (before credits). Assume the taxable year is 2022. Use Individual Tax Rate Schedules and Standard Deduction Table. Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.


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according to the data.................. Ans: ans a) AGI is equal to $589,800 ans b) Taxable income is equal to $554,300 Ans C) Income Tax is
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