Question

Using the tax table, determine the amount of taxes for the following situations: (Do not round intermediate calculations. Round your answers to 2 decimal places.)
a. A head of household with taxable income of $58,500.



b. A single person with taxable income of $36,400.



c. Married taxpayers filing jointly with taxable income of $72,700.

Answer 1

Hello there!

In your question, we need to find the percentage of tax someone is being taxed from their taxable income.

Answer: A). 25% B). 15% C). 15%

In order to find the percent of tax they're being taxed, we would need to use the table that you've provided.

Question A:

For question A, the key information we can grab from it is "a head of household" and "taxable income of "$58,500." With that information, we would go to the chart and find the right percentage. We would go in the heads of household column and find the taxable income rage. Once you did that, you would see that it's on the 25% tax rate.

Question B:

For question B, the key information we can grab from it is "a single person" and "taxable income of $36,400." With that information, we would go to the chart and find the right columns for it. We would go to the single person column and find the right income. Once you did that, you would see that it would fall under the 15% tax rate.

Question C:

For question B, the key information we can grab from it is "married tax payers" and "taxable income of $72,700." With that information, we would go to the chart and find the right columns for it. We would go to the single person column and find the right income. Once you did that, you would see that it would fall under the 15% tax rate.