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Paul is a head of household with a taxable income of $80,000. He is entitled to a $5,000. Compute his tax owed using the table
Paul is a head of household with a taxable income of $80,000. He is entitled to a $5,000. Compute his tax owed using the table below.
Tax Rate | Single | Head of Household | |
10% | up to $8,925 | up to $12,7580 | |
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 | up to $6100 | $8950 |
exemption per person Single Head of Household
$3900 $3900
The tax owed is $____ (Type an integer or a decimal)
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