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FILING A SINGLE RETURN Herb is single and has an adjusted income of $\$ 79,250 .$ Compute his federal income tax.CAN'T COPY THE TABLE

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$$\$ 16,168.25$$

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Chapter 8

Graphs and Statistics

Section 1

Reading Graphs and Tables

01:19

FILING A JOINT RETURN Raul…

01:32

Income Taxes The U.S. fede…

01:42

(TABLE CAN'T COPY)

01:04

The following table shows …

01:25

03:11

Federal Income Tax Two 201…

01:13

Income Taxes The U.S. Fede…

15:50

Table 6 shows a recent sta…

03:40

Given the filing status an…

01:06

Here is the Federal Tax Ra…

to pay taxes. We see that there is a base rate plus a certain percentage past a certain point for single filing with $79,250 we see that our base rate that has to paid this $16,056.25. Now we also have to add on 25% of everything over $78,000.808 150 so we have to do 28% of that difference. So let's find the difference. This person earned $79,250. We know that everything past 78,850 will be taxed at 28%. So let's do the difference. When we do this, we see that the difference is $400. So in addition to the base rate, we have to add on 28% of 400 well, 28% of 400 can be found by doing 4000.28 which is 28% as a decimal times 400. When we do this, we get 100 and 12 so we're really doing 16,000 $56.25 plus $112. When you have this together, you get $16,168 and 25 cents, so this person will pay $16,186.68 dollars and 25 cents.

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