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Mustafa earned $95,000 in taxable income in a year from his job as a software developer. How much federal income tax does he owe? Enter
Mustafa earned $95,000 in taxable income in a year from his job as a software developer. How much federal income tax does he owe? Enter your answer as a number rounded to the nearest cent, such as: $42,536.47.
Review the federal income tax table. Single If Taxable Income Is between: Then the Tax Due ls: $0 - $9700 10% of taxable income $9701 - $39,475 $39,476 - $84,200 $84,201 - $160,725 $970+12% of the amount over $9700 $4543+22% of the amount over $39,475 $14,382.50+24% of the amount over $84,200 $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 $510,300 $160,726 $204,100 $204,101 - $510,300 $510,301+Step by Step Solution
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