Question

Evelyn and her husband have a taxable income of $191,285. What is their tax liability. Use:
Taxable Income: $137,300–$209,250 and Income Tax: $26,687.50 plus 28% of the amount over $137,300.

Answer 1

The first part of their income tax is $26,687.50
To that they need to add the second part.

The second part is:
Their income of $191,285 is how much over $137,300?
$191,285 - $137,300 = $53,985
On this amount, $53,985 they pay 28% tax. 28% of $53,985 =
28% * $53,985 = 0.28 * $53,985 = $15,115.80
Now you need to add that amount to the amount for their base tax amount:
$26,687.50 + $15,115.80 = $41,803.30

Answer 2

Thank you!!!

Answer 3

You're welcome.