Referring to the following table for the question Taxable Income Marginal Tax rate 0-$10,000 10% $10,000 - $30.000 15% over $30,000 20% How much is the total income tax bill if the taxable income is $26,999? (Enter your answer in 2 decimal places

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Referring to the following table for the question
Taxable Income
Marginal Tax rate
0-$10,000
10%
$10,000 $30.000
15%
over $30,000
20%
How much is the total income tax bill if the taxable income is $26,999? [Enter your answer in 2 decimal places
Transcribed Image Text:Referring to the following table for the question Taxable Income Marginal Tax rate 0-$10,000 10% $10,000 $30.000 15% over $30,000 20% How much is the total income tax bill if the taxable income is $26,999? [Enter your answer in 2 decimal places
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