Macmillan Learning Tax Bracket Tax Rate $0.00+ 10% $11,600.00+ 12% $47,150.00+ 22% $100,525.00+ 24% $191,950.00+ 32%...

 

Transcribed Image Text:

Macmillan Learning Tax Bracket Tax Rate $0.00+ 10% $11,600.00+ 12% $47,150.00+ 22% $100,525.00+ 24% $191,950.00+ 32% $243,725.00+ 35% $609,350.00+ 37% Given this Federal Income Tax schedule, what would your income tax be if you had a taxable income of $20,000? es fro Macmillan Learning Tax Bracket Tax Rate $0.00+ 10% $11,600.00+ 12% $47,150.00+ 22% $100,525.00+ 24% $191,950.00+ 32% $243,725.00+ 35% $609,350.00+ 37% Given this Federal Income Tax schedule, what would your income tax be if you had a taxable income of $20,000? es fro

Answer rating: 100% (QA)

First we calculate the tax based on each tax bracket up to the taxable income amount Tax ... View the full answer