Question

A police officer had a taxable income of $47,050 last year. If she paid 10% of her income between $0 and $8350, 15% of her income between $8350 and $33,950, and 25% of her income between $33,950 and $47,050 in federal income tax, how much did the police officer pay in federal income tax last year? a. 3840 b. 3275 c.835 d. 7950

Answer 1

Answer:    

The correct option will be:  d. 7950

Step-by-step explanation:

The police officer paid 10% of her income between $0 and $8350,  15% of her income between $8350 and $33,950  and 25% of her income between $33,950 and $47,050 in federal income tax.

So,   the amount of  tax at  10% rate  $=(\ 8350-\ 0)*0.10=\ 8350*0.10 = \ 835$,

the amount of tax at 15% rate $=(\ 33950-\ 8350)*0.15 = \ 25600*0.15=\ 3840$

and the amount of tax at 25% rate $= (\ 47050-\ 33950)*0.25= \ 13100*0.25= \ 3275$

Thus, the total amount of federal income tax will be: $(\ 835+\ 3840+\ 3275)= \ 7950$