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QUESTION

2007 Federal Income Tax TableSingle: OverBut not overThe tax is$0$7,82510% of the amount over $0$7,825$31,850$788 + 15% of the amount over $7,825$31,850$77,100$4,386 + 25% of the amount over $31,850$7

2007 Federal Income Tax TableSingle: 

OverBut not overThe tax is

$0$7,82510% of the amount over $0

$7,825$31,850$788 + 15% of the amount over $7,825

$31,850$77,100$4,386 + 25% of the amount over $31,850

$77,100$160,850$15,699 + 28% of the amount over $77,100

$160,850$349,700$39,149 + 33% of the amount over $160,850

$349,700And Over$101,469 + 35% of the amount over $349,700

Maria Contrerras earned $53,000 in taxable income. She figured her tax from the single taxpayer table above.

1. Find her earned income level.

2. Enter the base amount. = $4,3865,287.5021,1509,673.5031,850

3. Find the amount over $4,38621,15031,8505,287.509,673.50 = $4,3869,673.5031,8505,287.5021,150

4. Multiply line 3 by 25% = $4,38631,85021,1505,287.509,673.50

5. Add Lines 2 and 4 = $4,38631,8509,673.505,287.5021,150

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