Joe's taxable income is $67,825. use this tax schedule to calculate the total amount he owes in taxes.
if taxable income is over--
$0
$7,825
$31,850
but not over-
$7,825
$31,850
$77,100
$160,850
$349,700
no limit
the tax is:
10 percent of the amount over $0
$782.50 plus 15 percent of the amount over 7,825
$4,386.25 plus 25 percent of the amount over 31,850
$15,698.75 plus 28 percent of the amount over 77,100
$39,148.75 plus 33 percent of the amount oven160,850
$101,469.25 plus 35 percent of the amount over 349,700
$77,100
$160,850
$349,700
o a.
$13,380.00
ob. $12,348.80
oc. $4,386.25
od. $8,993.75