Chapter 8.1, Problem 70E

For Exercises 67–70, use Table 8.2 in Example 9 to calculate the federal income tax due for the given taxable income.

$\$440,000$

Table 8.2 Federal income taxes due for a single person.

	If taxable income is over —	But not over —	The tax is	Of the amount over —
Line 1	$0	$9,275	$0+10%	$0
Line 2	$9,275	$37,650	$927.50+15%	$9,275
$Line 3	$37,650	$91,150	$5,183.75+25%	$37,650
$Line 4	$91,150	$190,150	$18,558.75+28%	$91,150
$Line 5	$190,150	$413,350	$46,278.75+33%	$190,150
$Line 6	$413,350	$415,050	$119,934.75+35%	$413,350
$Line 7	$415,050	$—	$120,529.75+39.6%	$415,050