27 Select the correct answer.
Use this tax table to find how much tax you need to pay on a taxable income of $40,000.
The tax is
If taxable
Income is over
But not
over.
SO
S7,825
$31,850
$77,100
$7,825
10 percent of the
amount over SO
$31,850 S782.50 plus 15 percent
of the amount over
7,825
$77,100 $4,386,25 plus 25
percent of the amount
over 31,850
$160,850 $15,698.75 plus 28
percent of the amount
over 77.100
$349,700 $39,148.75 plus 33
percent of the amount
over 160,850
no limit $101.469.25 plus 35
percent of the amount
over 349,700
$160,850
$349,700
ОА.
$6,423.75
OB
$8.150.50
OC. $12.536.25