Question

6 The table below shows the federal income tax rate for wages earned for single adults.

Annual Income (Wages) Income Tax Rate
$0 to $9,075
10%
$9,076 to $36,900
15%
$36,901 to $89,350
25%
$89,351 to $186,350
28%
$186,351 to $405,100
33%
$405,101 to $406,750
35%.
Over $406,750
39.6%
Walter accepted a new job with an annual salary of $47,500. How much can he expect to earn
after paying income taxes?
F $35,625
G $38,675
H $25,650
3 $11,875
Can someone please help with work

Answer 1

F) 35,625

Explanation:

Walter is in the 25% range since $47,500 is in-between 36,901 to 89,359

25% = 0.25

47,500 * 0.25 = 11,875

47,500 - 11,875 = $35,625