Question

a taxpayer filing as single has a taxable income of $59,000. how much income in excess over $44,725 will be taxed at the 22% rate? hint: find the difference between the taxable income and excess limit. the table below is just for reference and not needed to solve the problem. schedule x—use if your filing status is single if your taxable income is: the tax is: over— but not over— of the amount over — $0 $11,600 .................. 10% $0 $11,600 $47,150 $1,160.00 + 12% $11,600 $47,150 $100,525 $5,426.00 + 22% $47,150 $100,525 $191,950 $17,168.50 + 24% $100,525 $191,950 $243,725 $39,110.50 + 32% $191,950 $243,725 $609,350 $55,678.50 + 35% $243,725 $609,350 ................ $183,647.25 + 37% $609,350

Explanation:

Step1: Identify the taxable income and limit

Taxable income = $59000$, limit = $44725$.

Step2: Calculate the difference

$59000 - 44725=14275$.

Answer:

$14275$