Mary hernandez earned $43,000 in taxable income. she figured her tax from the single taxpayer table above. $0 $7,825 10% of the amount over $0 $7,825 $31,850 $788 + 15% of the amount over $7,825 $31,850 $77,100 $4,386 + 25% of the amount over $31,850 $77,100 $160,850 $15,699 + 28% of the amount over $77,100 $160,850 $349,700 $39,149 + 33% of the amount over $160,850 $349,700 and over $101,469 + 35% of the amount over $349,700 1. find her earned income level. 2. entered the base amount. = $ 3. found the amount over $ = $ 4. multiplied line 3 by 25% = $ 5. added lines 2 and 4

Taxes = $7,135.50

Step-by-step explanation:

1. Find her earned income level.

From the taxpayer table, Mary's income falls within the interval of $31,850 to $77,100

2. Enter the base amount.

For that interval, the base amount is $4,386

3. Find the amount over $31,850

Since she earns $43,000, the amount over the lower bound ($31,850) is:

$43,000 - $31,850 = $11,150

4. Multiply line 3 by 25% = $

Her tax rate for her income is 25%, multiply the value found in step by 0.25

$11,150 x 0.25 = $2,787.50

5. Add Lines 2 and 4

Finally, her total taxes are obtained by adding the base amount (step 2) to the amount found in step 4:

Taxes = $4,386 + $2,787.50= $7,135.50

a

step-by-step explanation:

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