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Dmitriy789 [7]
3 years ago
10

Jayde had $33,000 of taxable income in 2018. Based on the table, how much federal income tax will Jayde owe in 2018?

Business
1 answer:
Llana [10]3 years ago
6 0

Answer:

$3,769.50

Explanation:

The computation of federal income tax is shown below:-

Since the taxable income is $33,000

So on the first $9,525 the 10% tax rate is charged i.e $952.50

Now the remaining amount left i.e

= ($33,000 - $9,525) × 12%

= $2,817

So, the total federal income tax for the year 2018 is

= $952.50 + $2,817

= $3,769.50

Hence, the second option is correct

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