simone has a taxable income of $38,500. she is filing as single. how much income in excess of $11,600 will…

simone has a taxable income of $38,500. she is filing as single. how much income in excess of $11,600 will be taxed at the 12% rate? single person - if the amount of wages (after subtracting the standard deduction) is: the amount of income tax to withhold is : standard deduction: $14,600 over but not over - of excess over- $0 $11,600.. $0.00 plus 10% $0 $11,600 $47,150.. $1,160.00 plus 12% $11,600 $47,150 $100,525.. $5,426.00 plus 22% $47,150 $100,525 $191,950.. $17,168.50 plus 24% $100,525 $191,950 $243,725.. $39,110.50 plus 32% $191,950 $243,725 $609,350.. $55,678.50 plus 35% $243,725 $609,350 and up.. $183,647.25 plus 37% $609,350 use the tax rate schedule to determine which row describes the tax calculations.

simone has a taxable income of $38,500. she is filing as single. how much income in excess of $11,600 will be taxed at the 12% rate? single person - if the amount of wages (after subtracting the standard deduction) is: the amount of income tax to withhold is : standard deduction: $14,600 over but not over - of excess over- $0 $11,600.. $0.00 plus 10% $0 $11,600 $47,150.. $1,160.00 plus 12% $11,600 $47,150 $100,525.. $5,426.00 plus 22% $47,150 $100,525 $191,950.. $17,168.50 plus 24% $100,525 $191,950 $243,725.. $39,110.50 plus 32% $191,950 $243,725 $609,350.. $55,678.50 plus 35% $243,725 $609,350 and up.. $183,647.25 plus 37% $609,350 use the tax rate schedule to determine which row describes the tax calculations.

Answer

Explanation:

Step1: Identify relevant amounts

We need to find the amount of income in excess of $11,600 for Simone with a taxable income of $38,500.

Step2: Calculate the excess amount

Subtract the $11,600 threshold from Simone's taxable income. So, $38500 - 11600$. $38500-11600 = 26900$

Answer:

$26,900$