Answer:
income tax expense 18,000
Explanation:
we have to calcualte the taxable income on each bracket:
1st 20,000 tax free
$20001 to $40,000 are taxes at 20% Thus, 4,000 income tax
$40,001 to $60,000 are taxes at 30% Thus, 6,000 income tax
$60,001 to $80,000 are taxes at 40% Thus, 8,000 income tax
In total the income tax will be for $18,000
