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Tax Bracket Tax Rate $0 - $8,000 8 % $8,000 - $32,000 16 % $32,000 - $70,000 21 % $70,000 and above 28 % The
Tax Bracket | Tax Rate |
$0 - $8,000 | 8 % |
$8,000 - $32,000 | 16 % |
$32,000 - $70,000 | 21 % |
$70,000 and above | 28 % |
The table above gives the progressive tax policy. Suppose you have income of $82,000, and are eligible for tax deductions of $4,000. Calculate your tax bill.
(Do not use dollar signs when you enter, just give a number rounded to the nearest dollar, such as 3420)
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