Question

Robert is a single taxpayer who has AGI of $145,000 in 2021; his taxable income is $122,000. What is his federal tax liability for 2021?

Answer 1

Based on the information given, it should be noted that the federal tax liability for Robert will be $23359.50.

How to calculate tax.

A tax simply means a compulsory levy that's imposed by the government to individuals and companies.

It should be noted that Robert is in the tax bracket $85525 - $163300 which is taxed at $14605.50 plus 24% in excess of $85525.

Based on the information given, the federal tax will be:

= $14605.50 + ($122000 - $85525) × 24%

= $23359.50

Learn more about tax on:

https://brainly.com/question/25783927