Question: Your filing status is single. Based only on the information in the table below, answer the following questions. Taxable Income Is Greater Than ($) Taxable

Your filing status is single. Based only on the information in the table below, answer the following questions.

Taxable Income Is Greater Than ($) Taxable Income Is Less Than ($) Your Tax Rate (%)
0 10,275 10
10,276 41,775 12
41,776 89,075 22
89,076 170,050 24
170,051 215,950 32
215,951 539,900 35
539,901 37

(Round your answer to the nearest dollar, if necessary. Refer to Chapter 6 Section 2.)

a. If your taxable income is $140,000, what would your federal income tax obligation be? $

b. If your taxable income is $70,000, what would your federal income tax obligation be? $

c. If your federal income tax obligation is $50,000 at a 32% tax rate, what was your taxable income? $

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