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The gross income and tax liability calculation for Paul and Donna Decker for the year 2022. It includes details of their salaries, dividends, state income tax refund, and deductions for AGI and from AGI. The document also provides information on their taxable income and tax liability, along with the tax brackets for different filing statuses. Additionally, it includes a supplemental schedule for medical expenses and the calculation of the net balance due or refund.
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2022 - Form 1040 Gross Income: Paul Decker Salary 68, Donna Decker Salary 56, Acme Corporation Dividend 750 State Income Tax Refund 1, Acme Corporation Sale: Amount Realized Acme Corporation Sale: Adjusted Basis Acme Corporation Sale: Net Realized Gain (Loss) 7, Gross Income (subtotal): 133, Deductions for AGI: Deductions for AGI (subtotal): 0 ADJUSTED GROSS INCOME: 133, Deductions from AGI: Medical expense deduction (Supplemental schedu 7, Sales taxes deduction 1, State income tax deduction 2, Greater of sales tax or income tax 2, Real estate tax deduction 6, Total taxes paid 9, Tax deduction 9, Mortgage interest expense deduction 7, Automobile interest expense deduction 0 Credit card interest expense deduction 0 Total interest expense deduction 7, Charitable contribution deduction - Church 4,
Maried Filing Joint Single
Maried Filing Joint Single Head of Household Bracket Rate Bracket Rate Bracket Rate $ 20,550 10.0% $ 10,275 10.0% $ 14,650 10.0% $ 83,550 12.0% $ 41,775 12.0% $ 55,900 12.0% $ 178,150 22.0% $ 89,075 22.0% $ 89,050 22.0% $ 340,100 24.0% $ 170,050 24.0% $ 170,050 24.0% $ 431,900 32.0% $ 215,950 32.0% $ 215,950 32.0% $ 647,850 35.0% $ 539,900 35.0% $ 539,900 35.0% $ 647,850 37.0% $ 539,900 37.0% $ 539,900 37.0% Head of Household