29 Jun C. $4,900
Question
76. Benjamin, who files as a single taxpayer, has $359,900 taxable income in 2011. Compute his regular tax
liability.
A. $103,664
B. $110,551
C. $118,767
D. None of the above
77. Alice is an unmarried individual. She has $182,340 taxable income in 2011. Compute Alice’s regular tax
liability if she files as a single taxpayer and if she files as a head of household.
A. Single $41,827; head of household $39,892
B. Single $60,172; head of household $51,055
C. Single $45,119; head of household $42,230
D. None of the above
78. Ms. Kilo is an unmarried individual. She has $219,344 taxable income in 2011. Compute Ms. Kilo’s
regular tax liability if she files as a single taxpayer and if she files as a surviving spouse.
A. Single $57,500; surviving spouse $61,924
B. Single $57,281; surviving spouse $54,174
C. Single $43,896; surviving spouse $49,838
D. None of the above
79. Which of the following statements regarding the calculation of regular tax liability is false?
A. The rate schedule for calculating regular tax liability depends on the taxpayer’s filing status.
B.
All taxpayer, regardless of the amount of their taxable income, pay a 10% tax on their first bracket of
income.
C. The individual tax rate schedules are adjusted annually for inflation.
D.
The tax brackets in the single rate schedule are one-half of the brackets in the married-filing-jointly
rate schedule.
80. Which of the following statements regarding the calculation of regular tax liability is false?
A. Regardless of filing status, the highest marginal rate for individual taxpayers is 35%.
B. The individual tax rate schedules are adjusted annually for inflation.
C.
The tax brackets in the married-filing-separately rate schedule are one-half of the brackets in the
married-filing-jointly rate schedule.
D. None of the above is false.
81. Mr. and Mrs. David file a joint tax return. They have $169,300 taxable income in 2011, $120,300 of
which is ordinary income and $49,000 of which is taxed at a 15% preferential rate. Compute their tax
savings from the preferential rate.
A. $6,370
B. $5,799
C. $4,900
D. None of the above.
82. Mr. and Mrs. Daniels had the following income items in 2011:
Mr. and Mrs. Daniels have no dependents and claim the standard deduction. Compute their income tax
liability on a joint return.
A. $20,585
B. $21,363
C. $22,248
D. $23,559
83. Linda and Raj are engaged to be married. Linda’s 2011 taxable income as a s
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