Do 15 Noty antwered Marloed out of 1.00 Pag Question 2012 Federal Income Tax Brackets and Tax Rates Taxable income Income tax brackets Tax Rates $42.707 or less 15% 542,707 to 585,414 plus 22% of income over $42,707 $85,414 to $132,406 plus 26% of income over $85,414 Over 5132,406 plus 29% of income over $132.406 In early 2010, Sindy Lau's gross pay increased from $81,503 per year to 589,625 per year. (Do not include the % sign in your answers (Your percentage answers will be correct to 4 decimal places) (a) What was the annual percent increase in Sindy Lau's pay before federal income taxes? (b) What was the annual percent increase in Sindy Lou's pay after federal income taxes were deducted? Tax before pay increases Take home pay before pay increase = Tax after pay increase Take home pay after pay increase Percentage change after federal takes