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Business, 13.02.2020 22:42 Tayannamorgan2373

Mr. Jones is a single person who makes $45,000 in 2019. This year she paid $2,000 in student loan interest and $3,600 to her 401(k) plan at work. Calculate the following a. Adjusted Gross Income. b. Assuming only standardized deductions available, what is his taxable income for 2019?c. Using 2019 tax brackets, what is his marginal federal tax rate? d. Total federal tax due. e. Average federal tax rate on taxable income. f. Calculate the FICA tax due. g. Assuming no state and city tax rate, what is his effective marginal tax rate?

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Mr. Jones is a single person who makes $45,000 in 2019. This year she paid $2,000 in student loan in...
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