Question

Marlene's taxable income is $95,000. Use this tax schedule to calculate the total amount she owes in taxes. A. 12,88.75 B. 17,900.75 C. 20,710.75

Answer 1

The answer is C.

Since here taxable income is over $77,100 and below $160,850, her tax is $15,698.75 + [.28*($95,000 - $77,100)].

Tax = $15,698.75 + [.28*($17,900)].
= $15,698.75 + [$5012].
= $20,710.75

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