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Shannon has $201,000 in taxable income this year. Tax Bottom of Bracket Bracket Top of Bracket Tax Liability for Bracket 11% 17% 24% 31% $0

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Shannon has $201,000 in taxable income this year. Tax Bottom of Bracket Bracket Top of Bracket Tax Liability for Bracket 11% 17% 24% 31% $0 $10,300 $45,300 $115,300 $215,300 $415,300 $10,300 $45,300 $115,300 $215,300 $415,300 $1,133 $5,950 $16,800 $31,000 $72,000 36% 42% Calculate their total tax liability for this year

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