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An individual with $32.000 in taxable income pays $970 for the 10% tax bracket, and $2,676 for the 12% bracket. What is the overall federal income tax payment for this individual?

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rahulsharma789888

The overall federal income tax payment of this individual is $970+$2676= $3646.

What is federal Income tax?

The federal government and the majority of states in the US impose income taxes. Applying a tax rate to taxable income, which is the entire income less permissible deductions, yields the income taxes, which may arise as income rises.

So the taxable income of the individual will be $3646.

Learn more about federal income tax:

https://brainly.com/question/25325875

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