College

Dear beloved readers, welcome to our website! We hope your visit here brings you valuable insights and meaningful inspiration. Thank you for taking the time to stop by and explore the content we've prepared for you.
------------------------------------------------ Garth's taxable income last year was [tex]$97,450[/tex]. According to the tax table below, how much tax does he have to pay if he files with the Single status?

[tex]
\[
\begin{array}{|c|c|c|c|c|c|}
\hline
\text{At least} & \text{But less than} & \text{Single} & \text{Married filing jointly} & \text{Married filing separately} & \text{Head of a household} \\
\hline
97,000 & 97,050 & 20,887 & 16,631 & 21,299 & 19,109 \\
\hline
97,050 & 97,100 & 20,901 & 16,644 & 21,313 & 19,121 \\
\hline
97,100 & 97,150 & 20,915 & 16,656 & 21,327 & 19,134 \\
\hline
97,150 & 97,200 & 20,929 & 16,669 & 21,341 & 19,146 \\
\hline
97,200 & 97,250 & 20,943 & 16,681 & 21,355 & 19,159 \\
\hline
97,250 & 97,300 & 20,957 & 16,694 & 21,369 & 19,171 \\
\hline
97,300 & 97,350 & 20,971 & 16,706 & 21,383 & 19,184 \\
\hline
97,350 & 97,400 & 20,985 & 16,719 & 21,397 & 19,196 \\
\hline
97,400 & 97,450 & 20,999 & 16,731 & 21,411 & 19,209 \\
\hline
97,450 & 97,500 & 21,013 & 16,744 & 21,425 & 19,221 \\
\hline
97,500 & 97,550 & 21,027 & 16,756 & 21,439 & 19,234 \\
\hline
97,550 & 97,600 & 21,041 & 16,769 & 21,453 & 19,246 \\
\hline
97,600 & 97,650 & 21,055 & 16,781 & 21,467 & 19,259 \\
\hline
97,650 & 97,700 & 21,069 & 16,794 & 21,481 & 19,271 \\
\hline
97,700 & 97,750 & 21,083 & 16,806 & 21,495 & 19,284 \\
\hline
97,750 & 97,800 & 21,097 & 16,819 & 21,509 & 19,296 \\
\hline
97,800 & 97,850 & 21,111 & 16,831 & 21,523 & 19,309 \\
\hline
97,850 & 97,900 & 21,125 & 16,844 & 21,537 & 19,321 \\
\hline
97,900 & 97,950 & 21,139 & 16,856 & 21,551 & 19,334 \\
\hline
97,950 & 98,000 & 21,153 & 16,869 & 21,565 & 19,346 \\
\hline
\end{array}
\]
[/tex]

A. [tex]$21,013$[/tex]
B. [tex]$16,744$[/tex]

Answer :

To find out how much tax Garth needs to pay based on his taxable income of [tex]$97,450 and the provided tax table for the Single status, follow these steps:

1. Identify the Tax Bracket:
- Look for the range in the tax table that includes Garth's taxable income of $[/tex]97,450.
- According to the tax table, the bracket that covers the income from [tex]$97,450 to $[/tex]97,500 applies to Garth.

2. Find the Tax Amount:
- In the row where "At least" is [tex]$97,450 and "But less than" is $[/tex]97,500, the corresponding tax amount for the Single status is listed as [tex]$21,013.

Therefore, Garth would have to pay a tax of $[/tex]21,013.