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Jen's taxable income $41,000. What is her tax rate? Enter your answer as a percent rounded to the nearest tenth, such as: 4.2%. Examine the
Jen's taxable income $41,000. What is her tax rate? Enter your answer as a percent rounded to the nearest tenth, such as: 4.2%.
Examine the Federal Tax Table for a single taxpayer. Single If Taxable Income is between: Then the Tax Due Is: 10% of taxable income $0 $9700 $9701 - $39,475 $39,476 - $84,200 $970+12% of the amount over $9700 $4543+22% of the amount over $39,475 $84,201 - $160,725 $14,382.50+24% of the amount over $84,200 $160,726 - $204,100 $204,101 - $510,300 $510,301+ $32,748.50+32% of the amount over $160,725 $46,628.50+35% of the amount over $204,100 $153,798.50+37% of the amount over $510,300Step by Step Solution
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