What is the tax owned by marco?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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What is the tax owned by marco?

Use the marginal tax rates in the table below to compute the tax owed in the following situation.
Marco is married filing separately with a taxable income of $67,400.
Tax Rate
10%
15%
25%
28%
33%
35%
39.6%
Standard deduction
Exemption
(per person)
Married Filing
Separately
up to $9325
up to $37,950
up to $76,550
up to $116,675
up to $208,350
up to $235,350
above $235,350
$6350
$4050
Transcribed Image Text:Use the marginal tax rates in the table below to compute the tax owed in the following situation. Marco is married filing separately with a taxable income of $67,400. Tax Rate 10% 15% 25% 28% 33% 35% 39.6% Standard deduction Exemption (per person) Married Filing Separately up to $9325 up to $37,950 up to $76,550 up to $116,675 up to $208,350 up to $235,350 above $235,350 $6350 $4050
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