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1- 2020 Income Tax rates are as follows. 1. tax bracket 15% 0-$22,000 2. tax bracket 20% $22,000 - $49,000 3. tax bracket 27% $49,000
1- 2020 Income Tax rates are as follows. 1. tax bracket 15% 0-$22,000 2. tax bracket 20% $22,000 - $49,000 3. tax bracket 27% $49,000 - $120,000 4.tax bracket 35% $120,000 - $600.000 5. tax bracket 40% $600.000 + Calculate 2020 income tax for Mr. KARA (Show your calculations) Income = 56 * 2,500 = $ 140,000. Then calculate the income tax amount. Income = Income tax =
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