2007 Federal Income Tax Table Single: Over But not over The tax is $0 $7,825 10% of the amount over $0 $7,825 $31,8

Question

2007 Federal Income Tax Table
Single:
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
Maria Contrerras earned $53,000 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 = $

in progress 0
Ben Gia 4 years 2021-09-02T05:58:06+00:00 1 Answers 25 views 0

Answers ( )

  1. sori
    0
    2021-09-02T05:59:34+00:00
    Reply

    Answer:

    Tax= $ 7,173.5

    Step-by-step explanation:

    Her taxable income is $ 43,000 which lies in the tax category $ 31,850 to

    $ 77,100.

    Tax for $ 31,850 is $ 4,386

    Plus 25% of the amount = ( $ 43,000- $ 31,850 )= $ 11,150 over

    25 % of $ 11,150= $ 2,787.5

    Total Tax= $ 4386 + $ 2787.5= $ 7,173.5

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