Mathematics, 14.07.2020 21:01 KindaSmartPersonn
2007 Federal Income Tax Table
Single:
Over
But not over
The tax is
$0
$7,825
10% of the amount over $0
$7,825
$31.850
$788 + 15% of the amount over $7,825
$31,850
$77,100
$4,386 + 25% of the amount over $31,850
$77,100
$160,850
$15,699 +28% of the amount over $77,100
$160,850 $349,700
$39,149 + 33% of the amount over $160,850
$101,469 + 35% of the amount over $349,700
$349,700 And Over
Aaron Priest had a taxable income of $165,000. He figured his tax from the single taxpayer table above.
1. Find his earned income level.
2. Entered the base amount = $
<
=
$
3. Found the amount over $
4. Multiplied line 3 by
% = $
5. Added Lines 2 and 4 = $
6. Computed his monthly withholding would be = $
Answers: 3
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2007 Federal Income Tax Table
Single:
Over
But not over
The tax is
$0
...
Over
But not over
The tax is
$0
...
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