Following is a partial 2012 personal income tax schedule for a single filer:

-The dollar amount of income taxes paid by a single filer who has taxable income of $8,700 would be:

Question

Following is a partial 2012 personal income tax schedule for a single filer:
 
-The dollar amount of income taxes paid by a single filer who has taxable income of $8,700 would be:

Quizplus · Accepted Answer

Looking at the partial tax schedule, we can see that for taxable income between $8,500 and $8,900, the tax owed is $150 plus 10% of the amount over $8,500. Therefore, for a taxable income of $8,700, the tax owed would be $150 + ($8,700-$8,500)*0.10 = $150 + $20 = $170. However, the question asks for the amount of income taxes paid, which means any tax credits or withholdings would be subtracted from the tax owed. Since there is no information given about credits or withholdings, we can assume they are not applicable and the amount paid would be equal to the tax owed, which is $170. Therefore, the correct answer is B) $870.

Following Is a Partial 2012 Personal Income Tax Schedule for a Single