Previous taxable income - 30,000
Less: Deductions - 5,000 + 350 = 5,350
New taxable income - 24,650
Multiply: Marginal tax rate - 15%
Tax - 3,697.50
1.) She lowered her taxable income by 5,350.
2.) Her taxable income now is 24,650.
3.) Her taxable income falls under the income range of 8,375 - 34,000, so her marginal tax rate is 15%.
4.) She will have to pay 3,697.50 for her tax.
Answer: yes
explanation: yes
SA = 2(1/2)(3)(4) + 3(5.5) + 4(5.5) + 5(5.5)
SA = 12 + 16.5 + 22 + 27.5 = 78