if the federal government used the progressive tax rate below for individual income tax, complete the table…

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 $25,700 salary ($13,500 in taxable income).\n| standard deduction ($) | 12,200 |\n|--|--|--|--|--|\n| income range ($) | progressive tax rate | taxable income ($) | income tax owed ($) |\n| 0 - 9,700 | 10% | 9,700 | 970.00 |\n| 9,701 - 39,475 | 12% | 3,800 |? |\n| 39,476 - 84,200 | 22% | | |\n| 84,201 - 160,275 | 24% | | |\n| 160,276+ | 32% | | |\n| total | | 13,500 | |

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 $25,700 salary ($13,500 in taxable income).\n| standard deduction ($) | 12,200 |\n|--|--|--|--|--|\n| income range ($) | progressive tax rate | taxable income ($) | income tax owed ($) |\n| 0 - 9,700 | 10% | 9,700 | 970.00 |\n| 9,701 - 39,475 | 12% | 3,800 |? |\n| 39,476 - 84,200 | 22% | | |\n| 84,201 - 160,275 | 24% | | |\n| 160,276+ | 32% | | |\n| total | | 13,500 | |

Answer

Explanation:

Step1: Identify the applicable tax - rate for the income range

The taxable income is $13,500. The first $9,700 is taxed at 10% and the remaining amount ($13,500 - 9,700=3,800) is taxed at 12%.

Step2: Calculate the tax on the amount in the 12% range

The tax on the $3,800 amount (taxed at 12%) is calculated as $3,800\times0.12$. $3800\times0.12 = 456$

Step3: Calculate the total tax

The tax on the first $9,700 is $970. The tax on the remaining $3,800 is $456. The total tax is the sum of these two amounts. $970+456 = 1426$

Answer:

$1426$