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16 January, 15:40

Priscilla has an income of $122,300.00 $122,300.00 and is married filing jointly. Married Filing Jointly If Taxable Income Is between: Then the Tax Due Is: $0.00 - $19,400.00 $0.00 - $19,400.00 10% 10% of taxable income $19,401.00 - $78,950.00 $19,401.00 - $78,950.00 $1940.00+12% $1940.00+12% of the amount over $19,400.00 $19,400.00 $78,951.00 - $168,400.00 $78,951.00 - $168,400.00 $9086.00+22% $9086.00+22% of the amount over $78,950.00 $78,950.00 $168,401.00 - $321,450.00 $168,401.00 - $321,450.00 $28,765.00+24% $28,765.00+24% of the amount over $168,400.00 $168,400.00 $321,451.00 - $408,200.00 $321,451.00 - $408,200.00 $65,497.00+32% $65,497.00+32% of the amount over $321,450.00 $321,450.00 $408,201.00 - $612,350.00 $408,201.00 - $612,350.00 $93,257.00+35% $93,257.00+35% of the amount over $408,200.00 $408,200.00 $612,351.00 + $612,351.00 + $164,709.50+37% $164,709.50+37% of the amount over $612,350.00

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Answers (1)
  1. 16 January, 16:09
    0
    Calculate Priscilla's tax.

    Answer:

    Priscilla will pay a tax of $18,623

    Step-by-step explanation:

    Priscilla's Income = $122,300.00

    If Taxable Income Is between: $78,951.00 - $168,400.00 Then the Tax Due Is: $9086.00+22% of the amount over $78,950.00

    First, we determine the amount over $78,950.00

    $122,300.00 - $78,950.00 = $43,350

    Amount over $78,950.00 = $43,350

    Therefore:

    Priscilla's Tax = $9086.00 + (22% of $43,350)

    =$9086.00+9537

    =$18,623

    Priscilla will pay a tax of $18,623
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Home » Mathematics » Priscilla has an income of $122,300.00 $122,300.00 and is married filing jointly. Married Filing Jointly If Taxable Income Is between: Then the Tax Due Is: $0.00 - $19,400.00 $0.00 - $19,400.00 10% 10% of taxable income $19,401.00 - $78,950.
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