marielysanchez509 marielysanchez509
  • 18-11-2019
  • Mathematics
contestada

Ed employee had 170,000 on taxable income. what was his tax?​

Ed employee had 170000 on taxable income what was his tax class=

Respuesta :

teobguan2019
teobguan2019 teobguan2019
  • 03-02-2020

Answer:

$42168.5

Step-by-step explanation:

Based on the given table,  for any taxable income between $160850 - $349700, the tax is $39149 + 33% of the amount over $160850.

Based on the formula, we can calculate the tax imposed on $170000 taxable income by following steps as follow:

Step 1:

$39149 + ($170000 - $160850) * 0.33

Step 2:

$39149 + ($9150)* 0.33

Step 3:

$39149 + $3019.5

Step 4:

$42168.5 (Final answer)

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