Question

Over But not over The tax is
$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
Mary Hernandez earned $43,000 in taxable income. She figured her tax from the single taxpayer table above.

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 = $

Answer 1

There are different slab rates for income tax given.  

We are to calculate the tax for Mary Hernandez.  Her income is 43000 dollars.

Hence she comes in the slab of 31850-77100

1) Earned income = 43000 dollars

2) Base amount  = 4386 (refer  slab amount)

3) The amount over base amount = 43000-31850 = 11150 dollars.

4) Multiplied by 25% = 25(11150)/100 = 2787.50

5) Added lines 2 and 4 = 4386+2787.50 = 7173.50

Hence tax amount due by Mary Hernandez = 7173.50 $