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2. lavonne is single and earned $125,000 last year. use the tax schedul…

Question

  1. lavonne is single and earned $125,000 last year. use the tax schedule information below to determine how much tax lavonne will owe.
over —but not over —the tax is:of the amount over —
  • $18,150
  • $14,089
  • $23,439
  • $9,350

Explanation:

Step1: Find the amount over $82,500

Lavonne's income is $125,000. The amount over $82,500 is $125,000 - $82,500 = $42,500.

Step2: Calculate 22% of the amount over

22% of $42,500 is 0.22 * $42,500 = $9,350.

Step3: Add the base tax

The base tax is $14,089.00. So total tax is $14,089 + $9,350 = $23,439.

Answer:

$23,439 (corresponding to the option with this amount)