Answer :
To determine the tax amount for a taxpayer filing as head of household with a taxable income of [tex]$57,620, we need to refer to the relevant income range and tax amounts from the table.
1. Locate the Correct Income Range and Tax Amount:
- The taxable income of $[/tex]57,620 falls between [tex]$57,600 and $[/tex]57,650.
- For this range, the tax amount for a head of household is [tex]$8,659.
2. Determine the Tax for Single Filer in the Same Income Range:
- For a single filer with the same income range ($[/tex]57,600 to [tex]$57,650), the tax is $[/tex]10,145.
3. Calculate the Difference in Tax Between Single Filer and Head of Household:
- The difference in tax amounts to calculate is:
[tex]\[
\text{Tax Difference} = \text{Tax for Single} - \text{Tax for Head of Household}
\][/tex]
- Substituting the values, we have:
[tex]\[
\text{Tax Difference} = 10,145 - 8,659 = 1,486
\][/tex]
4. Conclusion:
- Therefore, the taxpayer filing as head of household with a taxable income of [tex]$57,620 would pay $[/tex]8,659 in taxes.
- This is $1,486 less than if the taxpayer were filing as single.
1. Locate the Correct Income Range and Tax Amount:
- The taxable income of $[/tex]57,620 falls between [tex]$57,600 and $[/tex]57,650.
- For this range, the tax amount for a head of household is [tex]$8,659.
2. Determine the Tax for Single Filer in the Same Income Range:
- For a single filer with the same income range ($[/tex]57,600 to [tex]$57,650), the tax is $[/tex]10,145.
3. Calculate the Difference in Tax Between Single Filer and Head of Household:
- The difference in tax amounts to calculate is:
[tex]\[
\text{Tax Difference} = \text{Tax for Single} - \text{Tax for Head of Household}
\][/tex]
- Substituting the values, we have:
[tex]\[
\text{Tax Difference} = 10,145 - 8,659 = 1,486
\][/tex]
4. Conclusion:
- Therefore, the taxpayer filing as head of household with a taxable income of [tex]$57,620 would pay $[/tex]8,659 in taxes.
- This is $1,486 less than if the taxpayer were filing as single.
