Question 4
Use the following Total Tax / Annual Income relationship to determine which of the following is Beverly's total tax for last year if her income last was $164,000. What total income tax did Beverly pay in income tax.
$52,480.00
Extracted text: Income Tax Calculations Annual Income: Total Amount of Income Tax: Maximum Total Maximum Amount Amount of Actual Marginal Tax Maximum Amount of Actual Maximum Total Income for Each of Income Within Income Within Rate per Amount of Tax Tax Within Amount of Tax Bracket Each Bracket Each Bracket $100 earned Within Each Each Bracket Within Each Bracket Bracket more than $518,400 $37 tax more than $153,225 $311,050 $35 tax $105,857.50 no more than $153,225 no more than $518,400 $44,050 $32 tax $14,096 no more than $47,367.50 no more than $207,350 $77,775 $24 tax $18,666 no more than $163,300 no more than $33,271.50 no more than $45,400 $22 tax $9,988 no more than $85,525 $14,605.50 $30,250 $12 tax $3,630 no more than $4,617.50 no more than $40,125 no more than $9,875 no more than $987.50 $9,875 $10 tax $987.50 Total Income Total Tax