Discover new knowledge and insights with IDNLearn.com's extensive Q&A database. Our platform provides trustworthy answers to help you make informed decisions quickly and easily.
9514 1404 393
Answer:
$16,974.50
Step-by-step explanation:
$14,382.50+24% of the amount over $84,200 is ...
$14,382.50 +0.24×(95,000 -84,200) = $14,382.50 +2592.00 = $16,974.50
Mustafa owes $16974.50 in federal income tax.
_____
Additional comment
Each row of the tax table can be simplified by multiplying out the expression it describes. For the row applicable to this problem, that becomes ...
14382.50 +0.24(amount -84200) = 14382.50 +0.24×amount -20208
= 024×amount -5825.50