Mathematics

Kaylee Green

26 March, 12:06

Mary pays income tax according to the graduated schedule shown below.

But not over-

If taxable income

is over-

The tax is:

$7,825

$31.850

$7.825

$31.850

S77.100

$77.100

$160.850

10% of the amount over SO

$782.50 plus 15% of the amount over 7,825

54,386.25 plus 25% of the amount over 31,850

$15.698.75 plus 28% of the amount over

77,100

$39.148.75 plus 33% of the amount over

160,850

$101.469.25 plus 35% of the amount over

349.700

$160.850

$349,700

$349.700

no limit

If Mary's taxable income is $68,562, how much income tax does she owe, rounded to the nearest dollar?

a. $13,564

b. $17,140

c.$21.527

d.$12.349