Final answer:
To find the taxable income for which a taxpayer has to pay $13,154.00 in taxes, we use the tax schedule and set up an equation to solve for the taxable income.
Step-by-step explanation:
To determine the taxable income for which a taxpayer would have to pay $13,154.00 in taxes, we need to refer to the tax schedule summarized in Table 1. Based on the given information, we can determine the tax owed by working backwards from the given tax amount. Let's say the taxable income is x.
From the table, we can calculate the tax owed using the formula: Tax = 837.50 + 0.15 * (x - 8,375). Now, we set up an equation with the given tax amount and solve for x: $13,154.00 = 837.50 + 0.15 * (x - 8,375). Solving this equation will give us the taxable income for which the taxpayer would have to pay $13,154.00 in taxes.