Please show work. Thanks.

Question

Question

media%2F807%2F807f1f9c-2605-4a5b-b657-06

business finance

Answer 1

Answer #1

For Taxable Income = $205,100

Calculating Tax,

15% on $50,000 = $7,500

25% on $75,000-$50,000 = $6,250

34% on $100,000 - $$75,000 = $8,500

39% on $205,100 - $100,000 = $40,989

Adding above,

Total Tax = $63,239

Answer 2

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