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32. LO Abeni calculated her 2018 taxable income to be $102 450. How much federal income tax should she report? Refer Tab

Posted: Thu May 19, 2022 11:29 am
by answerhappygod
32 Lo Abeni Calculated Her 2018 Taxable Income To Be 102 450 How Much Federal Income Tax Should She Report Refer Tab 1
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32. LO Abeni calculated her 2018 taxable income to be $102 450. How much federal income tax should she report? Refer Table 3.30.
Table 3.3 2018 Federal Income Tax Brackets and Tax Rates (© S.A. Hummelbrunner) Tax Rates Taxable Income (income tax brackets) $46 605 or less 15% of taxable income less than or equal to $46 605; plus Over $46 605 up to $93 208 20.5% of taxable income greater than $46 605 and less than or equal to $93 208; plus Over $93 208 up to $144 489 26% of taxable income greater than $93 208 and less than or equal to $144 489; plus Over $144 489 up to $205 842 29% of taxable income greater than $144 489 and less than or equal to $205 842: plus Over $205 842 33% of taxable income greater than $205 842