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Answer :
Sure! Let's determine how much tax Garth has to pay based on his taxable income of \[tex]$97,450 and the provided tax table.
1. Find the Income Range:
First, look at the range in the tax table where Garth's taxable income falls. According to the information given:
- The range \$[/tex]97,450 to \[tex]$97,500 in the tax table applies to Garth’s taxable income of \$[/tex]97,450 because it sits within this interval.
2. Identify the Tax Amount:
- In the line for income between \[tex]$97,450 and \$[/tex]97,500, the tax amount for the Single status is listed as \[tex]$21,013.
3. Conclusion:
- Therefore, Garth has to pay \$[/tex]21,013 in taxes for last year.
This result corresponds to option C. So, Garth's tax amount is \$21,013.
1. Find the Income Range:
First, look at the range in the tax table where Garth's taxable income falls. According to the information given:
- The range \$[/tex]97,450 to \[tex]$97,500 in the tax table applies to Garth’s taxable income of \$[/tex]97,450 because it sits within this interval.
2. Identify the Tax Amount:
- In the line for income between \[tex]$97,450 and \$[/tex]97,500, the tax amount for the Single status is listed as \[tex]$21,013.
3. Conclusion:
- Therefore, Garth has to pay \$[/tex]21,013 in taxes for last year.
This result corresponds to option C. So, Garth's tax amount is \$21,013.
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