Use the table to the right to calculate the federal income tax due for a taxable income of 50,000
Use the table to the right to calculate the federal income tax due for a taxable income of 50,000
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Use the table to the right to calculate the federal income tax due for a taxable income of 50,000

Transcribed Image Text:Use the table to the right to calculate the federal income tax due for a taxable income of $50,000.
The income tax due is $
(Type an integer or a decimal.)
C
If 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
Of the amount
Over-
10%
$927.50 +15%
$5,183.75 +25%
$18,558.75 +28%
$46,278.75 +33%
$119,934.75 +35%
$0
$9,275
$37,650
$91,150
$190,150
$413,350
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