Heather, a Single Taxpayer Who Files as a Head of Household

question 113

Essay

Heather, a single taxpayer who files as a head of household, earns $60,200 in taxable income and $5,200 in interest from an investment in city of Oxford bonds. Using the U.S. tax rate schedule for year 2020, how much federal tax will she owe? What is her average tax rate? What is her effective tax rate? What is her current marginal tax rate? If Heather has an additional $20,200 of tax deductions, what is her marginal tax rate on these deductions? (Round the tax rates to two decimal places, e.g., .12345 as 12.35 percent.)(Use tax rate schedule.)

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Definitions:

HIV-Positive

Being HIV-positive means a person has been infected with the human immunodeficiency virus, which compromises the body's immune system.

Risk of Infections

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