If a couple’s taxable income is $80,000, they will pay the marginal rate of 10 p

Question

If a couple’s taxable income is $80,000, they will pay the marginal rate of 10 percent on each dollar from $1 to $17,850, 15 percent on each dollar from $17,851 to $72,500, and 25 percent on each dollar from $72,501 to $80,000. What is their total income tax? This is an example listed in my textbook. They came up with a total income tax of $13,643 and I have no idea how they got it. The table for the amounts and percentage rates are as follows: $1 to $17,850, 10%; $17851 to $72,500, 15%; and $72,501 to $80,000. PLEASE HELP!

Explanation / Answer

income= 80000

1 to 17850 @ 10% i.e 10% of 17850 = 1785

17850 to 72500 @ 15% i.e 15% of (72500-17850 = 54650) = 54650*0.15=8197.5

72500 to 80000 @ 25% i.e 25% of ( 80000-72500=7500)= 7500*0.25=1875

total tax= 1785+8197.5+1875=11857.5

the answer 13643 seems wrong.

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