Answer :
We start by finding the tax bracket that contains a taxable income of \[tex]$57,620. Looking at the table, the bracket from \$[/tex]57,600 to \[tex]$57,650 applies.
Within this bracket:
- For someone filing as single, the tax is \$[/tex]10,145.
- For someone filing as head of household, the tax is \[tex]$8,659.
Since the taxpayer is filing as head of household, the tax due is
$[/tex][tex]$
\$[/tex]8,659.
[tex]$$
Next, to determine how much less the taxpayer would pay compared to filing as single, we subtract the head of household tax from the single tax amount:
$$[/tex]
\[tex]$10,145 - \$[/tex]8,659 = \[tex]$1,486.
$[/tex][tex]$
Thus, a taxpayer filing as head of household with a taxable income of \$[/tex]57,620 would pay \[tex]$8,659, which is \$[/tex]1,486 less than if the taxpayer were filing as single.
Within this bracket:
- For someone filing as single, the tax is \$[/tex]10,145.
- For someone filing as head of household, the tax is \[tex]$8,659.
Since the taxpayer is filing as head of household, the tax due is
$[/tex][tex]$
\$[/tex]8,659.
[tex]$$
Next, to determine how much less the taxpayer would pay compared to filing as single, we subtract the head of household tax from the single tax amount:
$$[/tex]
\[tex]$10,145 - \$[/tex]8,659 = \[tex]$1,486.
$[/tex][tex]$
Thus, a taxpayer filing as head of household with a taxable income of \$[/tex]57,620 would pay \[tex]$8,659, which is \$[/tex]1,486 less than if the taxpayer were filing as single.