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 :
To find out how much tax Garth needs to pay based on his taxable income of [tex]$97,450 and the provided tax table for the Single status, follow these steps:
1. Identify the Tax Bracket:
- Look for the range in the tax table that includes Garth's taxable income of $[/tex]97,450.
- According to the tax table, the bracket that covers the income from [tex]$97,450 to $[/tex]97,500 applies to Garth.
2. Find the Tax Amount:
- In the row where "At least" is [tex]$97,450 and "But less than" is $[/tex]97,500, the corresponding tax amount for the Single status is listed as [tex]$21,013.
Therefore, Garth would have to pay a tax of $[/tex]21,013.
1. Identify the Tax Bracket:
- Look for the range in the tax table that includes Garth's taxable income of $[/tex]97,450.
- According to the tax table, the bracket that covers the income from [tex]$97,450 to $[/tex]97,500 applies to Garth.
2. Find the Tax Amount:
- In the row where "At least" is [tex]$97,450 and "But less than" is $[/tex]97,500, the corresponding tax amount for the Single status is listed as [tex]$21,013.
Therefore, Garth would have to pay a tax of $[/tex]21,013.
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