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Using the following table, calculate the taxes for an individual with taxable income of $31,000. 10% Up to $9,875 12% $9,876$40,125 22% $40,126$85,525 24% $85,526$163,300
Using the following table, calculate the taxes for an individual with taxable income of $31,000.
| 10% | Up to $9,875 |
|---|---|
| 12% | $9,876$40,125 |
| 22% | $40,126$85,525 |
| 24% | $85,526$163,300 |
| 32% | $163,301$207,350 |
| 35% | $207,351$518,400 |
| 37% | Over $518,401 |
Multiple Choice
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$970.50
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$2,195.73
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$3,522.50
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$4,650.00
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$6,226.04
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Pacific Economic Monitor July 2013
Authors: Asian Development Bank
1st Edition
9292541552,9292541560
