Benjamin has $195,000 in taxable income this year. Tax Bracket Bracket 11% 16% 21% 26% 29%...

 

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Benjamin has $195,000 in taxable income this year. Tax Bracket Bracket 11% 16% 21% 26% 29% 37% Bottom of $0 $9,900 $44,900 $114,900 $214,900 $414,900 Top of Bracket Tax Liability for Bracket $9,900 $1,089 $44,900 $5,600 $114,900 $14,700 $214,900 $26,000 $414,900 $58,000 Calculate their total tax liability for this year. Benjamin has $195,000 in taxable income this year. Tax Bracket Bracket 11% 16% 21% 26% 29% 37% Bottom of $0 $9,900 $44,900 $114,900 $214,900 $414,900 Top of Bracket Tax Liability for Bracket $9,900 $1,089 $44,900 $5,600 $114,900 $14,700 $214,900 $26,000 $414,900 $58,000 Calculate their total tax liability for this year.

Answer rating: 100% (QA)

To calculate Benjamins total tax liability for the year with a taxable income of 195000 youll have t... View the full answer