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Maria Contrerras earned $53,000 in taxable income. She figured her tax from the single taxpayer table above. 1. Find her earned
Question
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 = $
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Mathematics
1 year
2021-09-02T06:49:59+00:00
2021-09-02T06:49:59+00:00 1 Answers
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Answers ( )
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
Step-by-step explanation:
yes