Filing Status More than But not over Тax amount amount Single 12,750 60,000 120,000 6% 765 +7% over 12,750 60,000 120,000 4072.50 + 7.75% 8722.50 + 8.25% Married 21,250 100,000 200,000 6% 21,250 100,000 200,000 1275 + 7% over 6787.50 + 7.75% 14,537.50 + 8.25% a. What tax would a single person pay on taxable income of $40,000? a. What tax would a married person pay on taxable income of $60,000?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Filing Status
More than
But not over
Тax
amount
amount
Single
12,750
60,000
120,000
6%
765 +7% over
12,750
60,000
120,000
4072.50 + 7.75%
8722.50 + 8.25%
Married
21,250
100,000
200,000
6%
21,250
100,000
200,000
1275 + 7% over
6787.50 + 7.75%
14,537.50 +
8.25%
a. What tax would a single person pay on taxable income of $40,000?
a. What tax would a married person pay on taxable income of $60,000?
Transcribed Image Text:Filing Status More than But not over Тax amount amount Single 12,750 60,000 120,000 6% 765 +7% over 12,750 60,000 120,000 4072.50 + 7.75% 8722.50 + 8.25% Married 21,250 100,000 200,000 6% 21,250 100,000 200,000 1275 + 7% over 6787.50 + 7.75% 14,537.50 + 8.25% a. What tax would a single person pay on taxable income of $40,000? a. What tax would a married person pay on taxable income of $60,000?
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