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A company's before-tax earnings for the first year are 90,000. Calculate the tax of these earnings using table. Please show calculations. PARTO TABLE 1.2 2018

A company's before-tax earnings for the first year are 90,000. Calculate the tax of these earnings using table. Please show calculations.

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PARTO TABLE 1.2 2018 Tax Rate Schedule for Single Taxpayer Tax calculation (Marginal rate X amount over bracket Base tax + Taxable income brackets lower limit) 0 $ 9,525 $ + to $ (10% X amount over 0) 9,525 38,700 $ 953 + (12% X amount over $ 9,525) 38,700 82,500 $ 4,454 + (22% X amount over $ 38,700) 82,500 157,500 $ 14,090 + (24% X amount over $ 82,500) 157,500 to 200,000 $ 32,090 + (32% X amount over $157,500) 200,000 500,000 $ 45,690 + (35% X amount over $200,000) Over 500,000 $150,690 + (37% X amount over $500,000) to to to esident or chief executive icer (CEO) The president or chief executive officer (CEO) is responsible for managing day to day oneratis

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