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hichkok12 [17]
3 years ago
14

Joe's taxable income is $67,825. Use this tax schedule to calculate the total amount he owes in taxes.1. $8,993.752. $13,380.003

. $12,348.80
Mathematics
2 answers:
Mazyrski [523]3 years ago
7 0
<span>the total amount he owes in taxes $13,380.003</span>
quester [9]3 years ago
7 0

Table:

<em>If Taxable Income Is Over -- But Not Over</em>

\left[\begin{array}{ccc}$0&$7,825\\$7,825&$31,850\\$31,850&$77,100\\$77,100&$160,850\\$160,850&$349,700\\$349,700&No-Limit\end{array}\right]

<em>The Tax Is:</em>

10 percent of the amount over $0

$782.50 plus 15 percent of the amount over 7,825

$4,386.25 plus 25 percent of the amount over 31,850

$15,698.75 plus 28 percent of the amount over 77,100

$39,148.75 plus 33 percent of the amount over 160,850

$101,469.25 plus 35 percent of the amount over 349,700

Answer Choices:


\left[\begin{array}{ccc}A.$12,348.80\\B.$4,386.25\\C.$13,380.00\\D.$8,993.75\end{array}\right]

Answers:


\left[\begin{array}{ccc}A.$12,348.807&Wrong\\B.$4,386.25&Wrong\\C.$13,380.00&Correct\\D.$8,993.75&Wrong\end{array}\right]



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