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Jean Paul wondered what his tax liability would be for the following taxable incomes: Bracket Tax Rate $0 - $10,000 15% $10,000 - $50,000 25%

Jean Paul wondered what his tax liability would be for the following taxable incomes:

Bracket

Tax Rate

$0 - $10,000

15%

$10,000 - $50,000

25%

$50,000 - $250,000

30%

over $250,000

35%

Compute the tax liability for each of the following taxable income amounts. Round the answers to 2 decimal places.

Taxable income of $49,000

Taxable income of $150,000

Taxable income of $450,000

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