Answer Happy

5. Brenda calculated her 2015 taxable income to be $125,600. Using the 2015 federal income tax brackets and rates, how much federal income tax should she report? Tax Rates Taxable Income Income tax brackets) $44,701 or less Over $44,701 up to $89,401 Over $89,401 up to $138,586 Over $138,586 15% of taxable income less than or equal to $44,701; phas 22% of taxable income greater than $44,701 and less than or equal to $89,401; plus 25% of taxable income greater than $89,401 and less than or equal to $138,586; plus 29% of taxable income greater than $ 138,586