Homework Answers
Ans :
| $ 20,217.25 |
1)I'am assuming she is single.
2) Taxable Income : $ 96,590
3) Tax Bracket:
| 28% $90,751 to $189,300 = $ 18,481.25 +28% of the amount over $ 90,750 |
4) Tax Liability:
= $ 18,481.25 + ($96,950 - $ 90,750 × 28%)
= $ 18,481.25 + ( $ 6200 ×28%)
= $ 18,481.25 + $ 1736
= $ 20,217.25
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