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AGummiBear55 Group Title

Evelyn and her husband have a taxable income of $191,285. What is their tax liability. Use: Taxable Income: $137,300–$209,250 and Income Tax: $26,687.50 plus 28% of the amount over $137,300.

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  1. mathstudent55 Group Title
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    The first part of their income tax is $26,687.50 To that they need to add the second part. The second part is: Their income of $191,285 is how much over $137,300? $191,285 - $137,300 = $53,985 On this amount, $53,985 they pay 28% tax. 28% of $53,985 = 28% * $53,985 = 0.28 * $53,985 = $15,115.80 Now you need to add that amount to the amount for their base tax amount: $26,687.50 + $15,115.80 = $41,803.30

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    Thank you!!!

    • one year ago
  3. mathstudent55 Group Title
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    You're welcome.

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