Question
Paul is a head of household with a taxable income of $65 comma 000 65,000. He is entitled to a $7500 7500 tax credit. Compute
Paul is a head of household with a taxable income of $65 comma 000
65,000. He is entitled to a $7500
7500 tax credit. Compute his tax owed using the table below.
Tax Rate
Single
Head of Household
10%
up to $8,925
up to $12,750
15%
up to $36,250
up to $48,600
25%
up to $87,850
up to $125,450
28%
up to $183,250
up to $203,150
33%
up to $398,350
up to $398,350
35%
up to $400,000
up to $425,000
standard deduction
$6100
$8950
exemption (per person)
$3900
$3900
The tax owed is $
nothing
.
(Type an integer or a decimal.)
Enter your answer in the answer box and then click Check Answer.
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