Mathematics
Mathematics, 24.09.2021 14:00, kiingbr335yoqzaxs

Workers in the U. S. pay several types of taxes on income. The lesson discussed the FICA taxes. You also have to pay federal income tax. Your federal income tax rate is based on the amount of money you make. Income is broken into levels called tax brackets. The table below shows the tax brackets for 2011 Taxable income Tax $0 - $8,500 10% of taxable income $8,500 - $34,500 $850 plus 15% of excess over $8,500 $34,500 - $83,600 $4,750 plus 25% of excess over $34,500 $83,600 - $174,400 $17,025 plus 28% of excess over $83,600 $174,400 - $379,150 $42,449 plus 33% of excess over $174.400 $379,150 plus $110,016.50 plus 35% of excess over $379,150 a. What tax rate does everyone pay on the first $8,500 of income? 10 O % b. Calculate the income tax for a person earning $23,000. $ 34500 C. Calculate the income tax for a person earning $57,000. $ d. Refer to your answer for part (C). The total tax in part (c) is what percentage of the person's income? Round to the nearest tenth of a percent.

answer
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 20:00, cferguson
Someone answer asap for ! the total ticket sales for a high school basketball game were $2,260. the ticket price for students were $2.25 less than the adult ticket price. the number of adult tickets sold was 230, and the number of student tickets sold was 180. what was the price of an adult ticket?
Answers: 1
image
Mathematics, 21.06.2019 23:30, Bryanguzman2004
Which two fractions are equivalent to 24/84? 6/42 and 2/7 6/21 and 2/6 12/42 and 3/7 12/42 and 2/7
Answers: 1
image
Mathematics, 22.06.2019 00:20, mandi795
The circle below is centered at the point (3, 1) and has a radius of length 2. what is the equation?
Answers: 1
image
Mathematics, 22.06.2019 02:30, 11091
In july, the average temperature in one us city was 29°c. by december, the average temperature had fallen by 29°c. explain why the average temperature in december was 0°c.
Answers: 3
Do you know the correct answer?
Workers in the U. S. pay several types of taxes on income. The lesson discussed the FICA taxes. You...

Questions in other subjects: