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 determine how much tax Garth has to pay with a taxable income of [tex]$97,450 and filing with the Single status, we'll follow these steps:
1. Identify the Income Range: Garth's taxable income of $[/tex]97,450 falls between [tex]$97,450 and $[/tex]97,500 according to the tax table provided.
2. Locate the Tax Amount: For the Single filing status within this income range ([tex]$97,450 to $[/tex]97,500), the tax due is [tex]$21,013.
3. Conclusion: Therefore, Garth has to pay $[/tex]21,013 in taxes for the year based on his taxable income and filing status.
This step-by-step process helps us find the correct tax amount for Garth using the specified tax table for his income range and filing status.
1. Identify the Income Range: Garth's taxable income of $[/tex]97,450 falls between [tex]$97,450 and $[/tex]97,500 according to the tax table provided.
2. Locate the Tax Amount: For the Single filing status within this income range ([tex]$97,450 to $[/tex]97,500), the tax due is [tex]$21,013.
3. Conclusion: Therefore, Garth has to pay $[/tex]21,013 in taxes for the year based on his taxable income and filing status.
This step-by-step process helps us find the correct tax amount for Garth using the specified tax table for his income range and filing status.
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