IDNLearn.com makes it easy to find precise answers to your specific questions. Our platform is designed to provide quick and accurate answers to any questions you may have.
Sagot :
Given Julia's taxable income of [tex]$37,500, let's determine her income bracket and total tax due:
1. Income Bracket:
- Julia's income of $[/tex]37,500 falls in the [tex]$9,526 to $[/tex]38,700 bracket.
2. Tax Calculation:
- For the first bracket ([tex]$0 to $[/tex]9,525) at 10%:
[tex]\[ 9,525 \times 0.10 = 952.50 \][/tex]
- For the second bracket ([tex]$9,526 to $[/tex]37,500) at 12%:
[tex]\[ (37,500 - 9,526 + 1) \times 0.12 = 27,975 \times 0.12 = 3,357 \][/tex]
Adding up these amounts:
[tex]\[ 952.50 + 3,357 = 4,309.50 \][/tex]
Thus, Julia's taxable income falls in the [tex]$9,526 to $[/tex]38,700 income bracket, and her total tax due is [tex]$4,309.50. So the completed text is: Julia's taxable income falls in the $[/tex]\boxed{9,526 \text{ to } 38,700}[tex]$ income bracket, and her total tax due is $[/tex]\boxed{4,309.50}$.
2. Tax Calculation:
- For the first bracket ([tex]$0 to $[/tex]9,525) at 10%:
[tex]\[ 9,525 \times 0.10 = 952.50 \][/tex]
- For the second bracket ([tex]$9,526 to $[/tex]37,500) at 12%:
[tex]\[ (37,500 - 9,526 + 1) \times 0.12 = 27,975 \times 0.12 = 3,357 \][/tex]
Adding up these amounts:
[tex]\[ 952.50 + 3,357 = 4,309.50 \][/tex]
Thus, Julia's taxable income falls in the [tex]$9,526 to $[/tex]38,700 income bracket, and her total tax due is [tex]$4,309.50. So the completed text is: Julia's taxable income falls in the $[/tex]\boxed{9,526 \text{ to } 38,700}[tex]$ income bracket, and her total tax due is $[/tex]\boxed{4,309.50}$.
Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Thank you for trusting IDNLearn.com with your questions. Visit us again for clear, concise, and accurate answers.