7. A married couple is calculating their federal income tax using this tax rate table: The table describes ranges of taxable incomes. For each range of taxable income, it provides a base tax and a rate for the amount over a given value. If Taxable Income is... then Taxes are... Between But Not Over Base Tax + Rate Of the Amount Over $0 $16,700 $0 10% $0 $16,700 $67,900 $1,670.00 15% $16,700 $67,900 $137,050 $9,350.00 25% $67,900 $137,050 $208,850 $26,637.50 28% $137,050 $208,850 $372,950 $46,741.50 33% $208,850 $372,950 $100,894.50 35% $372,950 How much tax will the couple have to pay on their taxable income of $112,000? Please report the dollar value to the nearest whole number and do not include a dollar sign or commas in your response. Type only the nearest whole number. Do not provide units.
7. A married couple is calculating their federal income tax using this tax rate table: The table describes ranges of taxable incomes. For each range of taxable income, it provides a base tax and a rate for the amount over a given value. If Taxable Income is... then Taxes are... Between But Not Over Base Tax + Rate Of the Amount Over $0 $16,700 $0 10% $0 $16,700 $67,900 $1,670.00 15% $16,700 $67,900 $137,050 $9,350.00 25% $67,900 $137,050 $208,850 $26,637.50 28% $137,050 $208,850 $372,950 $46,741.50 33% $208,850 $372,950 $100,894.50 35% $372,950 How much tax will the couple have to pay on their taxable income of $112,000? Please report the dollar value to the nearest whole number and do not include a dollar sign or commas in your response. Type only the nearest whole number. Do not provide units.
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Question
![7. A married couple is calculating their federal income tax using this tax rate table:
The table describes ranges of taxable incomes. For each range of taxable income, it provides a base tax
and a rate for the amount over a given value.
If Taxable Income is...
then Taxes are...
Between
But Not Over
Base Tax
+ Rate
Of the Amount Over
$0
$16,700
$0
10%
$0
$16,700
$67,900
$1,670.00
15%
$16,700
$67,900
$137,050
$9,350.00
25%
$67,900
$137,050
$208,850
$26,637.50
28%
$137,050
$208,850
$372,950
$46,741.50
33%
$208,850
$372,950
$100,894.50
35%
$372,950
How much tax will the couple have to pay on their taxable income of $112,000? Please report the dollar value to
the nearest whole number and do not include a dollar sign or commas in your response.
Type only the nearest whole number. Do not provide units.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4143f45a-5c96-4449-af2f-abda697f3e91%2F7aa18e4b-b79b-4f6e-8073-f01535649720%2Fwwo97d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7. A married couple is calculating their federal income tax using this tax rate table:
The table describes ranges of taxable incomes. For each range of taxable income, it provides a base tax
and a rate for the amount over a given value.
If Taxable Income is...
then Taxes are...
Between
But Not Over
Base Tax
+ Rate
Of the Amount Over
$0
$16,700
$0
10%
$0
$16,700
$67,900
$1,670.00
15%
$16,700
$67,900
$137,050
$9,350.00
25%
$67,900
$137,050
$208,850
$26,637.50
28%
$137,050
$208,850
$372,950
$46,741.50
33%
$208,850
$372,950
$100,894.50
35%
$372,950
How much tax will the couple have to pay on their taxable income of $112,000? Please report the dollar value to
the nearest whole number and do not include a dollar sign or commas in your response.
Type only the nearest whole number. Do not provide units.
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