Question

HELP!!! PLEASE!!!

The U.S. Federal Income Tax is a progressive tax, which means that higher incomes are taxed at higher percent rates.
The table shows the 2018 Federal Income Tax rates that are applied to the incomes of unmarried individuals.

Tuan is an unmarried man who earned a taxable income of $48$48,000000 during 2018.

Use the table to complete the statements below.

Answer 1

10%

$29,175

$2,046

$6,499.50

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Explanation:

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Answer 2

• 10%
• $29,175
• $2,046
• $6,499.50

Explanation:

a) The %tax comes from the "Rate" column on the line "up to $9525". It is 10%.

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b) Simply compute the difference shown:

$38,700 -$9,525 = $29,175

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c) 22% of $9,300 is ...

0.22 × $9,300 = $2,046

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d) The total from the three previous calculations is ...

$952.50 +3,501.00 +2,046.00 = $6,499.50