Mary pays income tax according to the graduated schedule shown below.
If taxable income
But not over-
The tax is:
is over-
10% of the amount over 50
$782.50 plus 15% of the amount over 7,825
$4,386 25 plus 25% of the amount over 31,850
$15.698.75 plus 28% of the amount over
77,100
SO
$7,825
$31,850
$77,100
$160,850
$349,700
$7,825
$31,850
$77,100
$160,850
$349,700
Mark this and return
no limit
$39,148.75 plus 33% of the amount over
160,850
$101.469 25 plus 35% of the amount over
349,700
If Mary's taxable income is $68,562, how much income tax does she owe, rounded to the nearest dollar?
a. $13,564
b. $17,140
c. $21,527
d. $12,349
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