Question

if the federal government used the progressive tax rate below for individual income tax, complete the table to calculate the federal income tax owed on a $56,100 salary ($43,900 in taxable income).
standard deduction ($) 12,200

income range ($)	progressive tax rate	taxable income ($)	income tax owed ($)
	12%	29,775	3,573.00
	22%	4,425	?
	24%
	32%
total		43,900

Explanation:

Step1: Calculate 22% bracket tax owed

Multiply taxable income in this bracket by the tax rate:
$\$4,425 \times 0.22$

Step2: Sum all tax owed amounts

Add tax from each bracket:
$\$970.00 + \$3,573.00 + (\$4,425 \times 0.22)$

Answer:

First, calculate the tax for the 22% bracket: $\$4,425 \times 0.22 = \$973.50$
Total income tax owed: $\$970.00 + \$3,573.00 + \$973.50 = \$5,516.50$

Filled table values:

• Income Tax Owed for 22% bracket: $\$973.50$
• Total Income Tax Owed: $\$5,516.50$