Question

Marlene's taxable income is $95.000. Use this tax schedule to calculate the total amount she owes in taxes.
If taxable income is over-
But not over-
The tax is:
$0
$7,825
$7,825
$31,850
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 over 160,850
$101,469.25 plus 35 percent of the amount over 349,700
$31,850
$77,100
$160,850
$349,700
no limit
$77,100
$160,850
$349,700
O A
$15,698.75
B.
$17,900.75
OC. $20,710.75
D. $12,888.75

Answer 1

Use this tax table to find how much tax you need to pay on a taxable income of $25,000.

If taxable income is over-- But not over-- The tax is:

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

$7,825 $31,850 $782.50 plus 15 percent of the amount over 7,825

$31,850 $77,100 $4,386.25 plus 25 percent of the amount over 31,850

$77,100 $160,850 $15,698.75 plus 28 percent of the amount over 77,100

$160,850 $349,700 $39,148.75 plus 33 percent of the amount over 160,850

$349,700 no limit $101,469.25 plus 35 percent of the amount over 349,700

   

Answer:

Step-by-step explanation:

Answer 2

Answer: 20,710.75

Step-by-step explanation:

1.) Look at the table and see what category she falls in (the 4th column).

2.) Subtract 95,000-77,100 because she’s paying 28% of the amount that’s over the 77,100. That’s 17,900.

3.) Now multiply that by .28 or 28% and it will be 5,012.

4.) add 5,012 to the base amount of 15,698.75 that she has to pay.

5.) Thats 20,710.75