if the federal government used the progressive tax rate below for individual income tax, complete the table…

if the federal government used the progressive tax rate below for individual income tax, complete the table to calculate the federal income tax owed on a $48,200 salary ($36,000 in taxable income).\n\n| standard deduction ($) | 12,200 |\n| income range ($) | progressive tax rate | taxable income ($) | income tax owed ($) |\n| 0 - 9,700 | 10% | 9,700 | 970.00 |\n| 9,701 - 39,475 | 12% | 26,300 |? |\n| 39,476 - 84,200 | 22% | | |\n| 84,201 - 160,275 | 24% | | |\n| 160,276+ | 32% | | |\n| total | | 36,000 | |

if the federal government used the progressive tax rate below for individual income tax, complete the table to calculate the federal income tax owed on a $48,200 salary ($36,000 in taxable income).\n\n| standard deduction ($) | 12,200 |\n| income range ($) | progressive tax rate | taxable income ($) | income tax owed ($) |\n| 0 - 9,700 | 10% | 9,700 | 970.00 |\n| 9,701 - 39,475 | 12% | 26,300 |? |\n| 39,476 - 84,200 | 22% | | |\n| 84,201 - 160,275 | 24% | | |\n| 160,276+ | 32% | | |\n| total | | 36,000 | |

Answer

Explanation:

Step1: Determine taxable income in the 12% range

The taxable income is $36,000$. The first $9,700$ is taxed at 10%. So the amount of income in the 12% - tax - rate range is $36000 - 9700=26300$.

Step2: Calculate tax in the 12% range

The tax rate for this range is 12%. So the tax owed in this range is $0.12\times26300 = 3156$.

Step3: Calculate total tax

The tax from the 10% range is $970$ and the tax from the 12% range is $3156$. So the total tax owed is $970+3156 = 4126$.

Answer:

The value in the '?' cell is $3156$ and the value in the 'Total' cell for income tax owed is $4126$.