Question: Paul has $ 1 6 2 , 0 0 0 in taxable income this year. Tax Bracket Bottom of Bracket Top of Bracket Tax Liability

Paul has $162,000 in taxable income this year.
Tax Bracket Bottom of Bracket Top of Bracket Tax Liability for Bracket
9% $0 $10,600 $954
14% $10,600 $45,600 $4,900
21% $45,600 $115,600 $14,700
26% $115,600 $215,600 $26,000
29% $215,600 $415,600 $58,000
37% $415,600
Calculate their total tax liability for this year.

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