Explanation Given Information: The tax on a taxable income of $ 172 , 500 for a married taxpayer, who is filing separately. And refer the table ‘2015 Tax computation’ from the book. Formula used: The formula to calculate the tax on the taxable incomefor a married taxpayer, who is filing separately which falls in the range, ‘over $ 115 , 225 but not over $ 205 , 750 ’ is: Tax = ( Taxable income × 0 .33 ) − $ 12,235 .50 Calculation: Consider the tax on a taxable income of $ 172 , 500 for a married taxpayer, who is filing separately. And consider the table ‘2015 Tax computation’ from the book. According to the table.‘2015 Tax computation’. It shows that the taxable income $ 172 , 500 falls in the range, ‘over $ 115 , 225 but not over $ 205 , 750 ’

11th Edition

ISBN: 8220103632072

Author: NOBLE

Publisher: Pearson Education (US)

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Chapter 20.3, Problem 3-2SC

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To calculate: The tax on a taxable income of $172,500 for a married taxpayer filing separately.

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Chapter 20.3, Problem 3-1SC

Chapter 20.3, Problem 3-3SC

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EBK BUSINESS MATH

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The tax on a taxable income of $ 172 , 500 for a married taxpayer filing separately.

Solution Summary: The author explains the formula used to calculate the tax on a taxable income of 172,500 for married taxpayers filing separately.

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To calculate: The tax on a taxable income of $172,500 for a married taxpayer filing separately.

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