This Question: 1 pt 11 of 12 (10 complete) Use the marginal tax rates in the tab

Question

This Question: 1 pt 11 of 12 (10 complete) Use the marginal tax rates in the table below to compute the tax owed in the following situaton Marco is single and had a taxable income of $35,100 The tax owed is (Simplify your answer. Round to the nearest dollar as needed) Tax Rate Single Married Filing 10% 15% up to $8,925 upto $36 250tp Separate up to $8,925 to $36,250 to $87.850 up to $73,200 28% p to $183.250 upto $111525 33% 35% standard deduction- exemption $3900 o $398.350 up to $199,175 to $400,000 up to $400,000 100 6100 3900 (per person)l ter your answer in the answer box

Explanation / Answer

marco is Single Taxable income =$35100 calculation of tax owed Amount Tax rate' Tax owed for first $8925 taxable Income 8925 10% 892.5 From $8926 to $35100 taxable Income 26175 15% 3926.25 4818.75 The tax Owed is $4819 (Rounded off)

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