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Marlene's taxable income is $95,000. Use this tax schedule to calculate the total amount she owes in taxes. $12,888.75

User MKMohanty
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1 Answer

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Marlene owes a total of $20,710.75 in taxes.

If we are using the same tax schedule then $95,000 belongs to this bracket:
Over - But not over - of the excess over -
$77,100 but not over $160,850.. 15,698.75 plus 28% 77,100

Get the 28% of the difference between $95,000 and $77,100:
$95,000 - $77,100 = $17,900
$17,900 * .28 = $5,012

$15,698.75 + $5,012 = $20,710.75
User Hya
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