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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