A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 4 years ago
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.
anonymous
 4 years ago
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.

This Question is Closed

mathstudent55
 4 years ago
Best ResponseYou've already chosen the best response.3The 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
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.