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Gina's taxable income last year was [tex]$\$62,200$[/tex]. According to the tax table below, how much tax does she have to pay if she files with the "Single" status?

\[
\begin{array}{|c|c|}
\hline
\text{Taxable Income Range} & \text{Single} \\
\hline
62,000 - 62,050 & 11,694 \\
\hline
62,050 - 62,100 & 11,706 \\
\hline
62,100 - 62,150 & 11,719 \\
\hline
62,150 - 62,200 & 11,744 \\
\hline
62,200 - 62,250 & 11,756 \\
\hline
62,250 - 62,300 & 11,769 \\
\hline
62,300 - 62,350 & 11,781 \\
\hline
62,350 - 62,400 & 11,794 \\
\hline
62,400 - 62,450 & 11,819 \\
\hline
62,450 - 62,500 & 11,831 \\
\hline
62,500 - 62,550 & 11,844 \\
\hline
62,550 - 62,600 & 11,856 \\
\hline
62,600 - 62,650 & 11,869 \\
\hline
62,650 - 62,700 & 11,881 \\
\hline
62,700 - 62,750 & 11,894 \\
\hline
62,750 - 62,800 & 11,906 \\
\hline
62,800 - 62,850 & 11,919 \\
\hline
62,850 - 62,900 & 11,931 \\
\hline
\end{array}
\]

According to the table, for a taxable income of [tex]$\$62,200$[/tex], Gina has to pay [tex]$\$11,744$[/tex] in taxes if she files as "Single."

Answer :

To determine how much tax Gina needs to pay based on her taxable income of \[tex]$62,200 and her "Single" filing status, you can follow these steps using the tax table provided:

1. Identify the Income Range: First, locate the income range in the tax table that includes Gina's taxable income of \$[/tex]62,200. According to the table, the relevant range is from \[tex]$62,200 to \$[/tex]62,250.

2. Check the Tax Amount for "Single" Status: For individuals with a "Single" filing status whose taxable income falls within the \[tex]$62,200 to \$[/tex]62,250 range, the tax amount listed in the table is \[tex]$11,744.

3. Determine the Tax Payment: Since Gina's taxable income falls within this range, she needs to pay \$[/tex]11,744 in taxes based on her income and filing status.

So, the amount of tax Gina must pay is \$11,744.

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