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Mathematics, 05.02.2021 19:50 Arealbot
2007 Federal Income Tax Table
Single:
Over But not over
The tax is
$0 $7,825 10% of the amount over $0
$7,825 $31,850 $788 + 15% of the amount over $7,825
$31,850 $77,100 $4,386 + 25% of the amount over $31,850
$77,100 $160,850 $15,699 + 28% of the amount over $77,100
$160,850 $349,700 $39,149 + 33% of the amount over $160,850
$349,700 And Over $101,469 + 35% of the amount over $349,700
Tim Worker estimates his taxable income will be $7,000. He is paid twice a month or 24 times a year. Because Tim has
only one source of income, he uses the Tax Tables to estimate how much will be deducted from his pay for withholding.
1. Finds the tax rate for his income level. = %
2. Enters the base amount = $
3. Enters the amount of tax owed. = $
4. Divides by
v
= $
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Answers: 2
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You know the right answer?
2007 Federal Income Tax Table
Single:
Over But not over
The tax is
$0 $7,825 10%...
Over But not over
The tax is
$0 $7,825 10%...
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