Taxable income of ( $ 63,500 ) Find the income tax owed using the taxable income and the tax table below, for a person filing single Bracket Lower Income Limit Upper Income Limit Tax Rate 1 0 $10,275 10 2 $10,276 $41,775 12 3 $41,776 $89,075 22 4 $89,076 $170,050 24 5 $170,051 $215,950 32 6 $215,95...

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Taxable income of ($ 63,500). Find the income tax owed using the taxable income and the tax

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Taxable income of $\$ 63,500$.

Find the income tax owed using the taxable income and the tax table below, for a person filing single.

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Taxable income of ($ 63,500). Find the income tax owed using the taxable income and the tax

Question:

Bracket Lower Income Limit Upper Income Limit Tax Rate 1 0 $10,275 10% 2 $10,276 $41,775 12% 3 $41,776 $89,075 22% 4 $89,076 $170,050 24% 5 $170,051 $215,950 32% 6 $215,951 $539,900 35% 7 $539,901 37%

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Contemporary Mathematics

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