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AGummiBear55
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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.
 one year ago
 one year ago
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.
 one year ago
 one year ago

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mathstudent55 Group TitleBest ResponseYou've already chosen the best response.3
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
 one year ago

AGummiBear55 Group TitleBest ResponseYou've already chosen the best response.0
Thank you!!!
 one year ago

mathstudent55 Group TitleBest ResponseYou've already chosen the best response.3
You're welcome.
 one year ago
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