STION 6 Filing Status More than amount But not over amount Tax Single 0 12,750 6% 12,750 60,000 765 + 7% over 60,000 120,000 4072.50 + 7.75% 120,000 8722.50 + 8.25% Married 0 21,250 6% 21,250 100,000 1275 + 7% over 100,000 200,000 6787.50 + 7.75% 200,000 14,537.50 + 8.25% What tax would a single person pay on taxable income of $40,000? (blank) What tax would a married person pay on taxable income of $60,000? (blank)
STION 6 Filing Status More than amount But not over amount Tax Single 0 12,750 6% 12,750 60,000 765 + 7% over 60,000 120,000 4072.50 + 7.75% 120,000 8722.50 + 8.25% Married 0 21,250 6% 21,250 100,000 1275 + 7% over 100,000 200,000 6787.50 + 7.75% 200,000 14,537.50 + 8.25% What tax would a single person pay on taxable income of $40,000? (blank) What tax would a married person pay on taxable income of $60,000? (blank)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
STION 6
-
Filing Status
More than amount
But not over amount
Tax
Single
0
12,750
6%
12,750
60,000
765 + 7% over
60,000
120,000
4072.50 + 7.75%
120,000
8722.50 + 8.25%
Married
0
21,250
6%
21,250
100,000
1275 + 7% over
100,000
200,000
6787.50 + 7.75%
200,000
14,537.50 + 8.25%
- What tax would a single person pay on taxable income of $40,000?
(blank)
- What tax would a married person pay on taxable income of $60,000?
(blank)
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