Solve the problem. Refer to the table if necessary.
-John is married filing separately with taxable income of $141,766. Calculate the amount of tax owed.

Question

Solve the problem. Refer to the table if necessary. 
-John is married filing separately with taxable income of $141,766. Calculate the amount of tax owed.

Quizplus · Accepted Answer

For the 2022 tax year, a person filing separately with a taxable income of $141,766 falls into the 24% tax bracket. The tax calculation for this bracket up to $89,075 is $14,605 plus 24% of the amount over $89,075. Calculating this: $14,605 + 0.24 * ($141,766 - $89,075) = $14,605 + 0.24 * $52,691 = $14,605 + $12,645.84 = $27,250.84. However, this calculation does not match any of the provided options, indicating a mistake in the calculation process or a misunderstanding of the current tax brackets and rates for the "Married Filing Separately" status. Given the options and typical tax calculations, without the specific tax table for the year in question, it's challenging to directly calculate the exact amount. The correct answer should be based on the applicable tax rates and brackets for the filing status and income level. My initial calculation was incorrect, leading to confusion. The correct tax amount should be determined by the specific IRS tax brackets and rates for the year in question, which are not directly provided in the response.

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