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Mathematics, 09.03.2021 02:50 Yeetadab3376
Use the chart to answer the question. You will not use all of the answers given.
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
John Myers had $49,000 in taxable income. He figured his tax from the tax schedule:
1. Found his earned income level.
2. Entered the base amount = $4,386
3. Found the amount over $31,850 =
4. Multiplied line 3 by 25% = $7,025.00
5. Added Lines 2 and 4 =
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Answers: 1
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Use the chart to answer the question. You will not use all of the answers given.
2007 Federal Incom...
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