ASSIGNMENTS COURSES
SECTION 1 OF
QUESTION 2 OF 15
Attempt 1 of 5
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
Tim Tradesman had a taxable income of $82,500. He figured his tax from the table above.
1. Find his earned income level.
2. Enter the base amount = $
3. Find the amount over $
4. Multiply line 3 by
% = $
5. Add Lines 2 and 4 = $