This table shows the U.S. federal income tax rates from 2013. (Source: Internal Revenue Service) Rate Single Married Filing Jointly Married Filing Separately Head of Household 10% $0-$8,925 $0-$17,850 $0-$8,925 $0-$12,750 15% $8,925-$36,250 $17,850-$72,500 $8,925-$36,250 $12,750-$48,600 25% $36,250-$87,850 $72,500-$146,400 $36,250-$73,200 $48,600-$125,450 28% $87,850-$183,250 $146,400-$223,050 $73,200-$111,525 $125,450-$203,150 33% $183,250-$398,350 $223,050-$398,350 $111,525-$ 199,175 $203,150-$398,350 35% $398,350-$400,000 $398,350-$450,000 $199,175-$225,000 $398,350-$425,000 39.6% Over $400,000 Over $450,000 Over $225,000 Over $425,000 Each row shows the tax rate on a specific portion of the taxpayer's taxable income given their filing status. For example, suppose a taxpayer has a filing status of Single and a taxable income of $40,000. This means that the taxpayer owes 10% tax on the first $8,925, 15% tax on the amount over $8,925 up to $36,250, and 25% on the amount over $36,250 up to $40,000. If Kaitlin had a filing status of Head of Household and a taxable income of $116,319 in the year 2013, how much did she owe for federal income tax? Do not round any intermediate computations. Round your answer to the nearest dollar.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
icon
Concept explainers
Topic Video
Question
This table shows the U.S. federal income tax rates from 2013. (Source: Internal Revenue Service)
Rate
Single
Married Filing Jointly Married Filing Separately
Head of Household
10%
$0-$8,925
$0-$17,850
$0-$8,925
$0-$12,750
15%
$8,925-$36,250
$17,850-$72,500
$8,925-$36,250
$12,750-$48,600
25%
$36,250-$87,850
$72,500-$146,400
$36,250-$73,200
$48,600-$125,450
28%
$87,850-$183,250
$146,400-$223,050 $73,200-$111,525
$125,450-$203,150
33%
$183,250-$398,350 $223,050-$398,350 $111,525-$199,175
$203,150-$398,350
35% $398,350-$400,000 $398,350-$450,000 | $199,175-$225,000
$398,350-$425,000
39.6% Over $400,000
Over $450,000
Over $225,000
Over $425,000
Each row shows the tax rate on a specific portion of the taxpayer's taxable income given their filing status. For example, suppose a taxpayer has a filing status
of Single and a taxable income of $40,000. This means that the taxpayer owes 10% tax on the first $8,925, 15% tax on the amount over $8,925 up to
$36,250, and 25% on the amount over $36,250 up to $40,000.
If Kaitlin had a filing status of Head of Household and a taxable income of $116,319 in the
year 2013, how much did she owe for federal income tax?
Do not round any intermediate computations. Round your answer to the nearest dollar.
Transcribed Image Text:This table shows the U.S. federal income tax rates from 2013. (Source: Internal Revenue Service) Rate Single Married Filing Jointly Married Filing Separately Head of Household 10% $0-$8,925 $0-$17,850 $0-$8,925 $0-$12,750 15% $8,925-$36,250 $17,850-$72,500 $8,925-$36,250 $12,750-$48,600 25% $36,250-$87,850 $72,500-$146,400 $36,250-$73,200 $48,600-$125,450 28% $87,850-$183,250 $146,400-$223,050 $73,200-$111,525 $125,450-$203,150 33% $183,250-$398,350 $223,050-$398,350 $111,525-$199,175 $203,150-$398,350 35% $398,350-$400,000 $398,350-$450,000 | $199,175-$225,000 $398,350-$425,000 39.6% Over $400,000 Over $450,000 Over $225,000 Over $425,000 Each row shows the tax rate on a specific portion of the taxpayer's taxable income given their filing status. For example, suppose a taxpayer has a filing status of Single and a taxable income of $40,000. This means that the taxpayer owes 10% tax on the first $8,925, 15% tax on the amount over $8,925 up to $36,250, and 25% on the amount over $36,250 up to $40,000. If Kaitlin had a filing status of Head of Household and a taxable income of $116,319 in the year 2013, how much did she owe for federal income tax? Do not round any intermediate computations. Round your answer to the nearest dollar.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Centre, Spread, and Shape of a Distribution
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON