Question

a police officer had a taxable income of $47,050 last year. if she paid 10% of her income between $0 and $8350, 15% of her income between $8350 and $33,950, and 25% of her income between $33,950 and $47,050 in federal income tax, how much did the police officer pay in federal income tax last year?

a. $7950

b. $3275

c. $835

d. $3840

Explanation:

Step1: Calculate tax for first bracket

The first bracket is from $0$ to $8350$ with a 10% tax rate. So the tax for this bracket is $8350\times0.10 = 835$.

Step2: Calculate tax for second bracket

The second bracket is from $8350$ to $33950$. The amount in this bracket is $33950 - 8350 = 25600$. The tax rate is 15%, so the tax is $25600\times0.15 = 3840$.

Step3: Calculate tax for third bracket

The third bracket is from $33950$ to $47050$. The amount in this bracket is $47050 - 33950 = 13100$. The tax rate is 25%, so the tax is $13100\times0.25 = 3275$.

Step4: Sum up all taxes

Now, add up the taxes from each bracket: $835 + 3840 + 3275 = 7950$.

Answer:

$7950$