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Paul is a head of household with a taxable income of $113,000. He is entitled to a $7500 tax credit. Compute his tax owed using
Paul is a head of household with a taxable income of $113,000. He is entitled to a $7500 tax credit. Compute his tax owed using the table below. The tax owed is $ (Type an integer or a decimal.) Head of Tax Rate Single Household 10% 15% 25% 28% 33% up to $8,925 up to $36,250 up to $87,850 up to $125,450 up to $183,250 up to $203,150 up to $398,350 up to $398,350 up to $400,000 up to $425,000 up to $12,750 up to $48,600 35% standard $8950 $6100 deduction exemption (per$3900 $3900 person)
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