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In a given year, Isaac had a taxable income of $82,000/- and a tax credit of $2000/- Using the Tax Table given below, calculate the
In a given year, Isaac had a taxable income of $82,000/- and a tax credit of $2000/- Using the Tax Table given below, calculate the tax Isaac owes If Taxable Income: Is over If Taxable income: The Tax is: This But not over amount The Tax is: Plus this % The Tax is: Of the excess over $0 $9275 10% 9276 $927.50 15% 5183.75 25% 37,650 91,150 190,150 413,350 415,050 37,651 91,151 190,151 413,351 415,051 28% 18,558.75 46,278.75 119,934.75 120,529.75 $0 9275 37,650 91,150 190,150 413,350 415.050 33% 35% 39.6%
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