Question 4Use the following Total Tax / Annual Income relationship to determine which of the following is Beverly's total tax for last year if her income last was $164,000. What total income tax did Beverly pay in income tax. Group of answer choices$52,480.00$33,495.50$32,800.00 Income Tax OCalculationsAnnual Income:Total Amount of Income Tax:Maximum TotalMaximum Amount Amount of ActualMarginal TaxMaximumAmount of ActualMaximum TotalIncome for Eachof Income WithinIncome WithinRate perAmount of TaxTax WithinAmount of TaxBracketEach BracketEach Bracket$100 earnedWithin EachEach BracketWithin EachBracketBracketmore than$37 taxmore than$518,400$153,225$311,050$35 tax$105,857.50no more than$153,225no more than$518,400$44,050$32 tax$14,096no more than$207,350no more than$47,367.50$18,666no more than$33,271.50no more than$77,775$24 tax$163,300no more than$45,400$22 tax$9,988no more than$85,525$14,605.50no more than$30,250$12 tax$3,630no more than$40,125$4,617.50$9,875$10 tax$987.50no more than$987.50no more than$9,875Total IncomeTotal Tax

Income tax seems to be a form of tax imposed by government agencies on income earned by enterprises…

Question 4 Use the following Total Tax / Annual Income relationship to determine which of the following is Beverly's total tax for last year if her income last was $164,000. What total income tax did Beverly pay in income tax. Group of answer choices $52,480.00 $33,495.50 $32,800.00

Question 4 Use the following Total Tax / Annual Income relationship to determine which of the following is Beverly's total tax for last year if her income last was $164,000. What total income tax did Beverly pay in income tax. Group of answer choices $52,480.00 $33,495.50 $32,800.00

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter20: Corporations And Parterships

Section: Chapter Questions

Problem 6DQ

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Question

Question 4

Use the following Total Tax / Annual Income relationship to determine which of the following is Beverly's total tax for last year if her income last was $164,000. What total income tax did Beverly pay in income tax.

Group of answer choices

$52,480.00

$33,495.50

$32,800.00

Income Tax OCalculations
Annual Income:
Total Amount of Income Tax:
Maximum Total
Maximum Amount Amount of Actual
Marginal Tax
Maximum
Amount of Actual
Maximum Total
Income for Each
of Income Within
Income Within
Rate per
Amount of Tax
Tax Within
Amount of Tax
Bracket
Each Bracket
Each Bracket
$100 earned
Within Each
Each Bracket
Within Each
Bracket
Bracket
more than
$37 tax
more than
$518,400
$153,225
$311,050
$35 tax
$105,857.50
no more than
$153,225
no more than
$518,400
$44,050
$32 tax
$14,096
no more than
$207,350
no more than
$47,367.50
$18,666
no more than
$33,271.50
no more than
$77,775
$24 tax
$163,300
no more than
$45,400
$22 tax
$9,988
no more than
$85,525
$14,605.50
no more than
$30,250
$12 tax
$3,630
no more than
$40,125
$4,617.50
$9,875
$10 tax
$987.50
no more than
$987.50
no more than
$9,875
Total Income
Total Tax

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