Joe's taxable income is $67,825. Use this tax schedule to calculate the total amount he owes in taxes.
If taxable income is over-
But not over-
$7,825
$0
$7,825
$31,850
The tax is:
10 percent of the amount over $0
$782.50 plus 15 percent of the amount over 7,825
$4,386.25 plus 25 percent of the amount over 31,850
$15,698.75 plus 28 percent of the amount over 77,100
$39,148.75 plus 33 percent of the amount over 160,850
$101,469.25 plus 35 percent of the amount over 349,700
$31,850
$77,100
$160,850
$349,700
no limit
$77,100
$160,850
$349,700
A
$4,386.25
B.
$12,348.80
C.
$13,380.00
D.
$8,993.75