LaToya just earned her law degree and is starting to work for the law firm she has always wanted to work for. Her starting salary is $125,282. After subtracting out her retirement and
health insurance, her taxable income is $92,387
Taxable income is Between
0.10.75
10.220.537A50
$37451.500.750
500.751.5180.500
$180.301.411,600
$11.501.413.200
5413.201
The Tax Dues
10% of taxate income
som 50.10% of the amount over 50.775
55,156.25. 20% of the amount over $37 A50
$18.481.25. 20% of the amount over 100.750
10.075.25 • 39% of the amount over $100.300
5110 A01.25.38% of the amount over 11.500
$110.006. 28. 30.0% of the amount over $113.200
How much will LaToya pay in taxes for the year? Show your work.
b. What will her monthly take home pay be? Show your work.