jayde had $33,000 of taxable income in 2018. based on the table, how much federal income tax will jayde owe…

jayde had $33,000 of taxable income in 2018. based on the table, how much federal income tax will jayde owe in 2018? (10 points)\nmarginal tax rates, 2018\n10% on the first $9,525 of income\n12% on taxable income over $9,525 to $38,700\n22% on taxable income over $38,700 to $82,500\n24% on taxable income over $82,500 to $157,500\n32% on taxable income over $157,500 to $200,000\n35% on taxable income over $200,000 to $500,000\n37% on taxable income over $500,000\n$3,960.00\n$3,769.50\n$3,490.50\n$4,300.00

jayde had $33,000 of taxable income in 2018. based on the table, how much federal income tax will jayde owe in 2018? (10 points)\nmarginal tax rates, 2018\n10% on the first $9,525 of income\n12% on taxable income over $9,525 to $38,700\n22% on taxable income over $38,700 to $82,500\n24% on taxable income over $82,500 to $157,500\n32% on taxable income over $157,500 to $200,000\n35% on taxable income over $200,000 to $500,000\n37% on taxable income over $500,000\n$3,960.00\n$3,769.50\n$3,490.50\n$4,300.00

Answer

Explanation:

Step1: Determine the tax brackets

Jayde's taxable income is $33,000. The first bracket is 10% on the first $9,525. The second bracket is 12% on taxable income over $9,525 to $38,700.

Step2: Calculate tax for each bracket

For the first bracket: $9,525\times0.10 = 952.5$ For the second bracket: ($33,000 - 9,525)\times0.12=23,475\times0.12 = 2817$

Step3: Sum up the taxes

Total tax = $952.5+2817=3769.5$

Answer:

$3,769.50$