Question

@mebs please help
Candy has a taxable income of $72,185. What is her tax liability?
$9,546.25

$22,727.50

$18,046.25

$14,227.50

Answer 1

Taxable Income: Income Tax:
$0–$8,375 10% of the amount
$8,375–$34,000 $837.50 plus 15% of the amount over $8,375
$34,000–$82,400 $4,681.25 plus 25% of the amount over $34,000
$82,400–$171,850 $16,781.25 plus 28% of the amount over $82,400
$171,850–$373,650 $41,827.25 plus 33% of the amount over $171,850
$373,650+ $108,421.25 plus 35% of the amount over $373,650

Answer 2

@mebs i believe its in the 3rd one right? idk how to calculate it though*

Answer 3

Does it look like this \[\frac{ $4,681.25 + 0.25x}{ $34,000 }\]

Answer 4

wait never mind it is $22,727.50

Answer 5

well it just shows it on a chart not in an equation

Answer 6

Okay thank you so much :)

Answer 7

Do it like this

0.25($72,185) + $4,681.25

Answer 8

yes i got it