Marlon had $22,000 of taxable income in 2018. Based on the table, how much federal income tax will Marlon owe in 2018? Marginal Tax Rates,
2018
10% on the first $9,525 of income
12% on taxable income over $9,525 to $38,700
22% on taxable income over $38,700 to $82,500
24% on taxable income over $82,500 to $157,500
32% on taxable income over $157,500 to $200,000
35% on taxable income over $200,000 to $500,000
37% on taxable income over $500,000

The federal tax income that Marlon will owe in 2018 is $2,449.5

Explanation:

Based on the effective tax rate, we have;

Marginal Tax Rates,

10% on the first $9,525 of income

12% on taxable income over $9,525 to $38,700

22% on taxable income over $38,700 to $82,500

Therefore, we have;

The tax amount for the first $9,525 of income = 0.1×$9,525 =  $952.5

The 12% on taxable income over $9,525 to $38,700 is given as follows;

$22,000 - $9,525 = $12,475

The tax amount for the taxable income over $9,525 to $38,700 is therefore;

Tax amount = 0.12 × $12,475 = $1,497

The total tax is therefore;

$1,497 + $952.5 = $2,449.5

The federal tax income that Marlon owe in 2018 = $2,449.5.

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explanation: