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What is tax liability

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Reference no: EM133254217

Use the Single Tax Brackets chart to answer the question that follows:

Single Tax Brackets

Taxable Income:

Income Tax:

$0-$8,375

10% of the amount

$8,375-$34,000

$837.50 plus 15% of the amount over $8,375

$34,000-$82,400

$4,681.25 plus 25% of the amount over $34,000

$82,400-$171,850

$16,781.25 plus 28% of the amount over $82,400

$171,850-$373,650

$41,827.25 plus 33% of the amount over $171,850

$373,650+

$108,421.25 plus 35% of the amount over $373,650

Carolyn has a taxable income of $153,837. What is her tax liability?

Reference no: EM133254217

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