Use the table to the right to calculate the federal income tax due for a taxable income of 208,000.

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ISBN:9780470458365
Author:Erwin Kreyszig
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Use the table to the right to calculate the federal income tax due for a taxable income of 208,000.

Use the table to the right to calculate the federal income tax due for a taxable income of $208,000.
The income tax due is $
G
f your taxable
income is
Over-
But not
Over-
SO
$9.275
$9,275 $37,650
$37,650 $91,150
$91,150 $190,150
$190,150 $413,350
$413,350
The tax is
10%
$927.50 + 15%
$5,183.75 +25%
$18.558.75 +28%
$46,278.75 + 33%
$119,934.75 +35%
Of the amount
Over-
$0
$9,275
$37,650
$91,150
$190,150
$413,350
Transcribed Image Text:Use the table to the right to calculate the federal income tax due for a taxable income of $208,000. The income tax due is $ G f your taxable income is Over- But not Over- SO $9.275 $9,275 $37,650 $37,650 $91,150 $91,150 $190,150 $190,150 $413,350 $413,350 The tax is 10% $927.50 + 15% $5,183.75 +25% $18.558.75 +28% $46,278.75 + 33% $119,934.75 +35% Of the amount Over- $0 $9,275 $37,650 $91,150 $190,150 $413,350
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