Table 18-9

Table 18-9 shows the income tax brackets and tax rates for single taxpayers in Monrovia.
-Refer to Table 18-9.How much income tax does Sylvia pay if she is a single taxpayer with an income of $70,000?

Question

Table 18-9
  
Table 18-9 shows the income tax brackets and tax rates for single taxpayers in Monrovia.
-Refer to Table 18-9.How much income tax does Sylvia pay if she is a single taxpayer with an income of $70,000?

Quizplus · Accepted Answer

Looking at Table 18-9, we can see that the income tax rate for someone earning between $40,000 and $85,000 is 22%. Therefore, Sylvia's income tax would be:
$70,000 - $40,000 = $30,000 taxable income
$30,000 x 22% = $6,600
However, Sylvia would also pay the base tax of $4,683 for the bracket she falls into. 
So, her total income tax would be $6,600 + $4,683 = $15,283. Rounded to the nearest dollar, the answer is $15,740. Therefore, the correct answer is B.

Table 18-9 Table 18-9 Shows the Income Tax Brackets and Tax Rates