This table shows the U.S. federal income tax rates from 2016. (Source: Internal Revenue Service) Single Married Filing Jointly Married Filing Separately Head of Household $0-$9,275 $0-$18,550 $0-$9,275 $0-$13,250 $9,275-$37,650 $18,550-$75,300 $9,275-$37,650 $13,250-$50,400 $37,650-$91,150 $75,300-$151,900 $37,650-$75,950 $50,400-$130,150 28% $91,150-$190,150 $151,900-$231,450 $75,950-$115,725 $130,150-$210,800 33% $190,150-$413,350 $231,450-$413,350 $115,725-$206,675 $210,800-$413,350 35% $413,350-$415,050 $413,350-$466,950 $206,675-$233,475 $413,350-$441,000 39.6% Over $415,050 Rate 10% 15% 25% Over $466,950 Over $233,475 Each row shows the tax rate on a specific portion of the taxpayer's taxable income given their filing status. For example, suppose a taxpayer has a filing status of Single and a taxable income of $40,000. This means that the taxpayer owes 10% tax on the first $9,275, 15% tax on the amount over $9,275 up to $37,650, and 25% on the amount over $37,650 up to $40,000. Over $441,000 If Ivanna had a filing status of Head of Household and a taxable income of $147,354 in the year 2016, how much did she owe for federal income tax? Do not round any intermediate computations. Round your answer to the nearest dollar. X S Españo ? 圖
This table shows the U.S. federal income tax rates from 2016. (Source: Internal Revenue Service) Single Married Filing Jointly Married Filing Separately Head of Household $0-$9,275 $0-$18,550 $0-$9,275 $0-$13,250 $9,275-$37,650 $18,550-$75,300 $9,275-$37,650 $13,250-$50,400 $37,650-$91,150 $75,300-$151,900 $37,650-$75,950 $50,400-$130,150 28% $91,150-$190,150 $151,900-$231,450 $75,950-$115,725 $130,150-$210,800 33% $190,150-$413,350 $231,450-$413,350 $115,725-$206,675 $210,800-$413,350 35% $413,350-$415,050 $413,350-$466,950 $206,675-$233,475 $413,350-$441,000 39.6% Over $415,050 Rate 10% 15% 25% Over $466,950 Over $233,475 Each row shows the tax rate on a specific portion of the taxpayer's taxable income given their filing status. For example, suppose a taxpayer has a filing status of Single and a taxable income of $40,000. This means that the taxpayer owes 10% tax on the first $9,275, 15% tax on the amount over $9,275 up to $37,650, and 25% on the amount over $37,650 up to $40,000. Over $441,000 If Ivanna had a filing status of Head of Household and a taxable income of $147,354 in the year 2016, how much did she owe for federal income tax? Do not round any intermediate computations. Round your answer to the nearest dollar. X S Españo ? 圖
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Answer math question
Transcribed Image Text:This table shows the U.S. federal income tax rates from 2016. (Source: Internal Revenue Service)
Married Filing Jointly Married Filing Separately
Single
$0-$9,275
$0-$18,550
$0-$9,275
$0-$13,250
$9,275-$37,650
$18,550-$75,300
$9,275-$37,650
$13,250-$50,400
25% $37,650-$91,150 $75,300-$151,900
$37,650-$75,950
$50,400-$130,150
28% $91,150-$190,150 $151,900-$231,450 $75,950-$115,725 $130,150-$210,800
33% $190,150-$413,350 $231,450-$413,350 $115,725-$206,675 $210,800-$413,350
35% $413,350-$415,050 $413,350-$466,950
$206,675-$233,475
$413,350-$441,000
39.6% Over $415,050
Rate
10%
15%
Over $466,950
Over $233,475
Each row shows the tax rate on a specific portion of the taxpayer's taxable income given their filing status. For example, suppose a taxpayer has a filing status
of Single and a taxable income of $40,000. This means that the taxpayer owes 10% tax on the first $9,275, 15% tax on the amount over $9,275 up to
$37,650, and 25% on the amount over $37,650 up to $40,000.
Explanation
Head of Household
If Ivanna had a filing status of Head of Household and a taxable income of $147,354 in the
year 2016, how much did she owe for federal income tax?
Do not round any intermediate computations. Round your answer to the nearest dollar.
$
Check
%
Over $441,000
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