Branson Manning

Mathematics

8 July, 22:12

Joe's taxable income is $67,825. Use this tax schedule to calculate the total amount he owes in taxes.

If taxable income is over--

$0

$7,825

$31,850

But not over-

$7,825

$31,850

$77,100

$160,850

$349,700

no limit

The tax is:

10 percent of the amount over $0

$782.50 plus 15 percent of the amount over 7,825

$4,386.25 plus 25 percent of the amount over 31,850

$15,698.75 plus 28 percent of the amount over 77,100

$39,148.75 plus 33 percent of the amount oven160,850

$101,469.25 plus 35 percent of the amount over 349,700

$77,100

$160,850

$349,700

O A.

$13,380.00

OB. $12,348.80

Oc. $4,386.25

OD. $8,993.75