Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
Sagot :
To determine how much tax Sawyer has to pay with a taxable income of \$59,850 under the "Single" status, we can reference the tax table provided. In this table, tax rates are segmented by income brackets.
Here is the step-by-step solution:
1. Identify the income bracket which includes Sawyer's taxable income of \$59,850.
2. From the tax table, we see the following income brackets around \$59,850:
[tex]\[ \begin{array}{|c|c|} \hline \text{At Least} & \text{But Less Than} \\ \hline 59{,}800 & 59{,}850 \\ \hline 59{,}850 & 59{,}900 \\ \hline \end{array} \][/tex]
3. The taxable income of \$59,850 falls into the bracket:
[tex]\[ \begin{array}{|c|c|} \hline 59{,}850 & 59{,}900 \\ \hline \end{array} \][/tex]
4. According to the tax table, the tax for individuals with income from \[tex]$59,850 to \$[/tex]59,900 in the "Single" status is:
[tex]\[ \text{\$11,206} \][/tex]
Thus, the tax Sawyer has to pay is \$11,206.
Here is the step-by-step solution:
1. Identify the income bracket which includes Sawyer's taxable income of \$59,850.
2. From the tax table, we see the following income brackets around \$59,850:
[tex]\[ \begin{array}{|c|c|} \hline \text{At Least} & \text{But Less Than} \\ \hline 59{,}800 & 59{,}850 \\ \hline 59{,}850 & 59{,}900 \\ \hline \end{array} \][/tex]
3. The taxable income of \$59,850 falls into the bracket:
[tex]\[ \begin{array}{|c|c|} \hline 59{,}850 & 59{,}900 \\ \hline \end{array} \][/tex]
4. According to the tax table, the tax for individuals with income from \[tex]$59,850 to \$[/tex]59,900 in the "Single" status is:
[tex]\[ \text{\$11,206} \][/tex]
Thus, the tax Sawyer has to pay is \$11,206.
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.