Use the 2018 federal income tax brackets and rates in Table 3.3 to answer the following question.

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Use the 2018 federal income tax brackets and rates in Table 3.3 to answer the following question.

How much federal income tax should Aman report if she earned taxable income of $32 920 and $17 700 from her two jobs?


Table 3.3

Taxable Income (income tax brackets) Tax Rates $46 605 or less 15% of taxable income less than or equal to $46 605; plus Over $46 605 up to $93 208 20.5% of taxable income greater than $46 605 and less than or equal to $93 208; plus Over $93 208

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Related Book For  book-img-for-question

Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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