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25-04-2022
Mathematics

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Homer and Marge are in the 28% tax bracket. Their joint taxable income is $139,450. If the first $16,050 is taxed at 10%, with the remainder at 28%, how much tax will they owe?

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lexib100405 lexib100405

25-04-2022

$36,157

$139,450-$16,050=123,400

123,400×28% (or .28)=34,552

16,050×10% (or .10)=1,605

34,552+1,605=$36,157

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