James had $ 6500 in a bank account that paid 4% interest at the end of each year. How much money did Mr. James have in his accou
2 answers:
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Answer:
$3,078.04
Step-by-step explanation:
-Given her income is $27,267, she falls under the 10% and 12% brackets with the following boundaries as attached.
-Her tax is then calculated as;
#10% bracket;
#12% Tax bracket:
The total tax=970+2108.04=$3,078.04
Hence, Lynn owes $3,078.04 in taxes.
