Carol uses this graduated tax schedule to determine how much income tax she owes.
If taxable i...
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Mathematics, 14.02.2020 19:07 lbelle
Carol uses this graduated tax schedule to determine how much income tax she owes.
If taxable income is over. But not over
The tax is:
$7,825 10% of the amount over SO
$7,825
$31.850 $782.50 plus 15% of the amount over 7,825
$31.850
$64, 250 $4,386.25 plus 25% of the amount over 31,850
$64.250
$97.925
$12,486.25 plus 28% of the amount over
64.250
$21.915.25 plus 33% of the amount over
$97.925
$174,850
97.925
$47.300.50 plus 35% of the amount over
$174,850
no limit
174,850
If Carol's taxable income is $89,786, how much income tax does she owe, to the nearest dollar?
a $25,140
b. $12,654
c. $19,636
d. $37,626
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