Math Problem Statement

Use the table to the right to calculate the federal income tax due for a taxable income of $211,000.

Solution

To calculate the federal income tax due for a taxable income of $211,000, we can follow the table provided.

According to the table:

  • Since $211,000 is between $190,150 and $413,350, the tax for this range is $46,278.75 plus 33% of the amount over $190,150.

Let's calculate:

  1. Amount over $190,150:
    211,000190,150=20,850211,000 - 190,150 = 20,850

  2. 33% of $20,850:
    0.33×20,850=6,880.500.33 \times 20,850 = 6,880.50

  3. Total tax:
    46,278.75+6,880.50=53,159.2546,278.75 + 6,880.50 = 53,159.25

Thus, the federal income tax due is $53,159.25.


Would you like more details or have any questions?
Here are five related questions:

  1. How would the tax change if the income were $250,000?
  2. What would the tax be if the taxable income were exactly $190,150?
  3. How does the tax rate progression affect higher incomes?
  4. Can this tax calculation method be generalized for incomes beyond $413,350?
  5. What is the significance of the different tax brackets and their percentages?

Tip: Always check which income range (tax bracket) your taxable income falls under before calculating tax.

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Math Problem Analysis

Mathematical Concepts

Tax Calculation
Percentage
Income Brackets

Formulas

Total tax = Base tax + (Percentage * Amount over threshold)

Theorems

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Suitable Grade Level

Grades 9-12