Question

A psychologist has a taxable income of 59450 last year. If he paid 10% of his income between $0 and $8350, 15% of his income between $8350 and $33950, and 25% of his income between $33950 and $59450 in federal income tax, how much did the psychologist pay in federal income tax last year? a. $3840 B. $6375 C.835 D.11050

Answer 1

D. Multiply each rate by the range of each section.

NOTE: Do not multiply by the high amount, but rather the range of numbers within it.