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 $33,400 salary ($21,200 in taxable income).\n\n| standard deduction ($) | 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% | 11,500 | ? |\n| 39,476 - 84,200 | 22% | | |\n| 84,201 - 160,275 | 24% | | |\n| 160,276+ | 32% | | |\n| total | | 21,200 | |

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 $33,400 salary ($21,200 in taxable income).\n\n| standard deduction ($) | 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% | 11,500 | ? |\n| 39,476 - 84,200 | 22% | | |\n| 84,201 - 160,275 | 24% | | |\n| 160,276+ | 32% | | |\n| total | | 21,200 | |

Answer

Explanation:

Step1: Identify taxable income in 12% range

The taxable income in the 12% range is $11,500$.

Step2: Calculate tax in 12% range

The tax is calculated as the product of the taxable - income in this range and the tax rate. So, the tax $T = 11500\times0.12$. $T=11500\times0.12 = 1380$

Answer:

$1380$