"Duela Dent is single and had $189,000 in taxable income. Using the rates from Table 2.3 in the chapter, calculate her income ta

Question

2 years ago

7

xes."

1 answer:

lilavasa [31] · Answer 1 · 2023-03-14T22:58:53+03:00

From the income provided, the taxable income will be $42170.

<h3>How to calculate the taxable income</h3>

From the complete information, the calculation goes thus

First $9525 = 10% = $952.50

Next $9525 - $38700 = 12% = $3501.00

Next $38700 - $82500 = 22% = $9636

Next $82500 - $157500 = 24% = $18000

Next $157500 - $189000 = $10080

Taxable Income = $952.50 + $3501.00 + $9636 + $18000 + $10080

= $42170

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