Use the table to calculate the tax owed Round to the nearest cent A single man w

Question

Use the table to calculate the tax owed Round to the nearest cent A single man with a faxable income of $28,000 and a $1,000 tax credit ook the icon to view the table of marginal tax rates, standard deduct ons, and exemptions A. S376500 O B. $2,765 00 O C. $1,737 50 D $4,050 00 Marginal Tax Rates, Standard Deductions, and Exemptions able .1 2012 Marginal Tax Raes Sandard Deductions, and Married Filing Married Filing Jointly Head of Househol Tus Rate Single 10% lupto$8700 up to 58700 ap to $17,400 to $12,400 1 to $142,700 28% |$85A51to$17hA50|S7135l to $108725|$142.701 to$217,450|S122. Otto Si 1 to 5388,350 5108,726 to $194 175 217,451 to $388,350 $198,051 to 35% 1 more than SSU50 |more than $194,175 |more thaa S388JSO- ore than SML150 Standard Deduction $5950 Esemptions (per persom Ss00 55950 $11900 8700 Cick to select your answer 3800 $3400 Print Done Type here to search

Explanation / Answer

a single man income $28000 and $1000 tax credit

so net income $28000-$1000=$27000

from the table a single man income between $8701 to $35350 tax is 15%

so $27000*0.15=$4050 answer is D.

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