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.

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