Question: Use the tax table below to answer the questions: Bracket Tax Rate $0 - $10,000 15% $10,000 - $50,000 25% $50,000 - $250,000 30% over
Use the tax table below to answer the questions:
| Bracket | Tax Rate | |
| $0 - $10,000 | 15% | |
| $10,000 - $50,000 | 25% | |
| $50,000 - $250,000 | 30% | |
| over $250,000 | 35% |
Compute the tax liability for each of the following taxable income amounts. No decimals in your answer. Add commas for the thousands.
Taxable income of $45,000
Taxable income of $85,000
Taxable income of $310,000
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