If Susie earns $750,000 in taxable income, how much tax will she pay as a single taxpayer for year 2017? (Use tax rate schedule.)

Question

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For 2017, the tax brackets for a single filer are: 10% on income up to $9,325; 15% on income over $9,325 to $37,950; 25% on income over $37,950 to $91,900; 28% on income over $91,900 to $191,650; 33% on income over $191,650 to $416,700; 35% on income over $416,700 to $418,400; and 39.6% on income over $418,400. Calculating the tax for each bracket and summing them gives $252,818.85.

If Susie Earns $750,000 in Taxable Income, How Much Tax