The table below shows the tax brackets for 2015 for single workers.Taxable IncomeTax Rate$0 to $9,225$9,226 to $37,450$37,451 to $90,750$90,751 to $189,300 $18,481.25 plus 28% of the amount over $90,750$189,301 to $411,500 $46,075.25 plus 33% of the amount over $189,300$411,501 to $413,200 $119,401.25 plus 35% of the amount over $411,50010%$922.50 plus 15% of the amount over $9,225$5,156.25 plus 25% of the amount over $37,450$413,201 or more$119,996.25 plus 39.6% of the amount over $413,200Calculate the income tax for a single person who has $132,200 of taxable income.

The income tax can be calculated as per the taxable income slab. Given the income, the person is…

Answered: The table below shows the tax brackets…

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter13: Accounting For Payroll And Payroll Taxes

Section13.2: Recording Employer Payroll Taxes

Problem 2AYU

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shows the tax brackets for 2016 for single workers. person who has $5,629 of taxable income using the table below which Taxable Income $0 to $9,375 $9,376 to $37,550 $37,551 to $90,850 $90,851 to $189,500 $189,501 to $411,650 $411.651 to $414,500 $414,501 or more Answer to the nearest penny. Tax Rate 12% of amount over $0 $945 plus 16% of the amount over $9,375 $5,278 plus 26% of the amount over $37,550 $18,526 plus 29% of the amount over $90,850 $46,592 plus 34% of the amount over $189.500 $119,622 plus 36% of the amount over $411,650 $120,135 plus 40.2% of the amount over $414,500 hp
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