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Using the 2015 federal income tax brackets and rates, how much federal income tax should Sally report if she earned taxable income of $65,138 and

Using the

2015

federal income tax brackets and rates, how much federal income tax should

Sally

report if she earned taxable income of

$65,138

and

$15,162

from her two jobs?

Taxable Income

(Income tax brackets)

Tax Rates

$44,701

or less

15%

of taxable income less than or equal to

$44,701;

plus

$44,701

to

$89,401

22%

of taxable income greater than

$44,701

and less than or equal to

$89,401;

plus

$89,401

to

$138,586

26%

of taxable income greater than

$89,401

and less than or equal to

$138,586;

plus
Over

$138,586

29%

of taxable income greater than

$138,586

Sally

should report a federal income tax of

$nothing.

(Round to the nearest cent as needed.)

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