Question

Duela Dent is single and had $179,200 in taxable income. Use the rates from Table 2.3. =

Calculate her income taxes

Answer 1

Table shows:

Taxable income	Tax rate %
0 - 9525	10%
9525 - 38700	12
38700 - 82500	22
82500 - 157500	24
157500 - 200000	32
200000 - 500000	35
500000+	37

Tax liability:

Taxable income	Net amount	Tax rate %	Tax liability
	(a)	(b)	(a * b)
0 - 9525	9525	10%	952.50
9525 - 38700	29175	12%	3501.00
38700 - 82500	43800	22%	9636.00
82500 - 157500	75000	24%	18000.00
157500 - 179200	21700	32%	6944.00
Total tax			39033.50

Duela Dent income tax liability is $39033.50.