Answer Happy

Table 13-3 Personal Income Tax Rates for Married Persons Filing Jointly for the Year 20111⁰ Taxable Income ($) Of the Amount Over Over Tax Is ($): 0 10% 0 17,000 1,700.00 + 15% 17,000 69,000 9,500.00 + 25% 69,000 139,350 27,087.50 +28% 139,350 212,300 47,513.50 +33% 212,300 379,150 102,574.00+ 35% 379,150 But Not Over 17,000 69,000 139,350 212,300 379,150
Ch. 13-Projecting Income Taxes 4. Using the tax rates for the year 2011 displayed in Table 13-3 on page 176, determine the amount of federal income tax that is due for an individual who is married, filing jointly, and has a taxable income of $356,000.