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please answer both questions with the given table. 1. [-/1 Points] DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Steve Forbes ran for U.S. president
please answer both questions with the given table. 1. [-/1 Points] DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Steve Forbes ran for U.S. president in 1996 and 2000 on a platform proposing a 17% flat tax, that is, an income tax that would simply be 17% of each tax payer's taxable income. Suppose that Alice was single in the year 2016 with a taxable income of $31,000. Use the 2016 Tax Table for Singles to find Alice's tax under the current laws. eBook 2. (-/1 Points) DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Steve Forbes ran for U.S. president in 1996 and 2000 on a platform proposing a 17% flat tax, that is, an income tax that would simply be 17% of each tax payer's taxable income. Suppose that Joe was single in the year 2016 with a taxable income of $280,000 Use the 2016 Tax Table for Singles to find Joe's tax under the current laws. Book 2016 Tax Table for Singles Of the excess over $0 If Taxable Income The Tax is Is over But not over This amount Plus this % Schedule XUse if your filing status is Single $0 $9275 10% 9276 37,650 $927.50 15% 37,651 91,150 5183.75 25% 91,151 190,150 18,558.75 28 % 190,151 413,350 46,278.75 33% 413,351 415,050 119,934.75 35 % 415,051 120,529.75 39.6% 9275 37,650 91,150 190,150 413,350 415,050
please answer both questions with the given table.
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