Question

Heather is a school principal and makes approximately $93,531 a year. This puts her in an income tax bracket that requires her to pay 21% to the federal government. How much will she have to pay in federal income tax?

Answer 1

Heather must pay $19,641.51 in federal income tax based on her annual salary of $93,531 at a tax rate of 21%.

Step-by-step explanation:

The student's question is about calculating the amount of federal income tax that Heather, a school principal earning $93,531 a year, would have to pay if her tax bracket requires her to pay 21%. To find the amount of tax Heather must pay, we use the formula:

Tax amount = Income × Tax rate

In Heather's case, the calculation would be:

Tax amount = $93,531 × 0.21

Therefore, Heather's federal income tax payment would be:

Tax amount = $19,641.51

So, Heather will have to pay $19,641.51 in federal income tax.