Mary Hernandez earned $43,000 in taxable income. She figured her tax from the single taxpayer table above.

$0 $7,825 10% of the amount over $0

$7,825 $31,850 $788 + 15% of the amount over $7,825

$31,850 $77,100 $4,386 + 25% of the amount over $31,850

$77,100 $160,850 $15,699 + 28% of the amount over $77,100

$160,850 $349,700 $39,149 + 33% of the amount over $160,850

$349,700 And Over $101,469 + 35% of the amount over $349,700

1. Find her earned income level.

2. Entered the base amount. = $

3. Found the amount over $ = $

4. Multiplied line 3 by 25% = $

5. Added Lines 2 and 4

Question

26 December, 21:12

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Answers (1)

Know the Answer?

Edward Cole · Answer 1

1.) 4,386.00

2.) 31,850.00

3.) 11,150.00

4.) 2787.50

5.) 7,173.50