We appreciate your visit to Garth s taxable income last year was tex 97 450 tex According to the tax table below how much tax does he have to pay. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
We are given that Garth’s taxable income is
[tex]$$
97,\!450.
$$[/tex]
Since he is filing as a Single taxpayer, we need to identify the tax bracket in the table that contains his income. By carefully reviewing the table, we see that the bracket for Single filing status shows the following ranges and corresponding tax amounts:
- For taxable income between [tex]$$97,\!000$$[/tex] and [tex]$$97,\!050$$[/tex], the tax is [tex]$$20,\!887.$$[/tex]
- For taxable income between [tex]$$97,\!050$$[/tex] and [tex]$$97,\!100$$[/tex], the tax is [tex]$$20,\!901.$$[/tex]
- For taxable income between [tex]$$97,\!100$$[/tex] and [tex]$$97,\!150$$[/tex], the tax is [tex]$$20,\!915.$$[/tex]
- For taxable income between [tex]$$97,\!150$$[/tex] and [tex]$$97,\!200$$[/tex], the tax is [tex]$$20,\!929.$$[/tex]
- For taxable income between [tex]$$97,\!200$$[/tex] and [tex]$$97,\!250$$[/tex], the tax is [tex]$$20,\!943.$$[/tex]
- For taxable income between [tex]$$97,\!250$$[/tex] and [tex]$$97,\!300$$[/tex], the tax is [tex]$$20,\!957.$$[/tex]
- For taxable income between [tex]$$97,\!300$$[/tex] and [tex]$$97,\!350$$[/tex], the tax is [tex]$$20,\!971.$$[/tex]
- For taxable income between [tex]$$97,\!350$$[/tex] and [tex]$$97,\!400$$[/tex], the tax is [tex]$$20,\!985.$$[/tex]
- For taxable income between [tex]$$97,\!400$$[/tex] and [tex]$$97,\!500$$[/tex], the tax is [tex]$$20,\!999.$$[/tex]
Since Garth’s income [tex]$$97,\!450$$[/tex] falls in the interval
[tex]$$
97,\!400 \le 97,\!450 < 97,\!500,
$$[/tex]
we conclude that the tax he must pay is
[tex]$$
\$20,\!999.
$$[/tex]
Thus, the final answer is that Garth has to pay [tex]$$\$20,\!999$$[/tex] in tax.
[tex]$$
97,\!450.
$$[/tex]
Since he is filing as a Single taxpayer, we need to identify the tax bracket in the table that contains his income. By carefully reviewing the table, we see that the bracket for Single filing status shows the following ranges and corresponding tax amounts:
- For taxable income between [tex]$$97,\!000$$[/tex] and [tex]$$97,\!050$$[/tex], the tax is [tex]$$20,\!887.$$[/tex]
- For taxable income between [tex]$$97,\!050$$[/tex] and [tex]$$97,\!100$$[/tex], the tax is [tex]$$20,\!901.$$[/tex]
- For taxable income between [tex]$$97,\!100$$[/tex] and [tex]$$97,\!150$$[/tex], the tax is [tex]$$20,\!915.$$[/tex]
- For taxable income between [tex]$$97,\!150$$[/tex] and [tex]$$97,\!200$$[/tex], the tax is [tex]$$20,\!929.$$[/tex]
- For taxable income between [tex]$$97,\!200$$[/tex] and [tex]$$97,\!250$$[/tex], the tax is [tex]$$20,\!943.$$[/tex]
- For taxable income between [tex]$$97,\!250$$[/tex] and [tex]$$97,\!300$$[/tex], the tax is [tex]$$20,\!957.$$[/tex]
- For taxable income between [tex]$$97,\!300$$[/tex] and [tex]$$97,\!350$$[/tex], the tax is [tex]$$20,\!971.$$[/tex]
- For taxable income between [tex]$$97,\!350$$[/tex] and [tex]$$97,\!400$$[/tex], the tax is [tex]$$20,\!985.$$[/tex]
- For taxable income between [tex]$$97,\!400$$[/tex] and [tex]$$97,\!500$$[/tex], the tax is [tex]$$20,\!999.$$[/tex]
Since Garth’s income [tex]$$97,\!450$$[/tex] falls in the interval
[tex]$$
97,\!400 \le 97,\!450 < 97,\!500,
$$[/tex]
we conclude that the tax he must pay is
[tex]$$
\$20,\!999.
$$[/tex]
Thus, the final answer is that Garth has to pay [tex]$$\$20,\!999$$[/tex] in tax.
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