College

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?

\[
\begin{array}{|c|c|c|c|c|c|}
\hline
\text{If line 43 (taxable income)} & & \multicolumn{4}{|c|}{\text{And you are-}} \\
\hline
\text{At least} & \text{But less than} & \text{Single} & \begin{array}{|l|}
\hline
\text{Married} \\
\text{filing} \\
\text{jointly} \\
\end{array} & \text{Married filing separately} & \begin{array}{l}
\text{Head} \\
\text{of a} \\
\text{household} \\
\end{array} \\
\hline
97,000 & 97,050 & 20,887 & 16,631 & 21,299 & 19,109 \\
\hline
97,050 & 97,100 & 20,901 & 16,644 & 21,313 & 19,121 \\
\hline
97,100 & 97,150 & 20,915 & 16,656 & 21,327 & 19,134 \\
\hline
97,150 & 97,200 & 20,929 & 16,669 & 21,341 & 19,146 \\
\hline
97,200 & 97,250 & 20,943 & 16,681 & 21,355 & 19,159 \\
\hline
97,250 & 97,300 & 20,957 & 16,694 & 21,369 & 19,171 \\
\hline
97,300 & 97,350 & 20,971 & 16,706 & 21,383 & 19,184 \\
\hline
97,350 & 97,400 & 20,985 & 16,719 & 21,397 & 19,196 \\
\hline
97,400 & 97,450 & 20,999 & 16,731 & 21,411 & 19,209 \\
\hline
97,450 & 97,500 & 21,013 & 16,744 & 21,425 & 19,221 \\
\hline
97,500 & 97,550 & 21,027 & 16,756 & 21,439 & 19,234 \\
\hline
97,550 & 97,600 & 21,041 & 16,769 & 21,433 & 19,246 \\
\hline
97,600 & 97,650 & 21,055 & 16,781 & 21,467 & 19,259 \\
\hline
97,650 & 97,700 & 21,069 & 16,794 & 21,481 & 19,271 \\
\hline
97,700 & 97,750 & 21,083 & 16,806 & 21,495 & 19,284 \\
\hline
97,750 & 97,800 & 21,097 & 16,819 & 21,509 & 19,296 \\
\hline
97,800 & 97,850 & 21,111 & 16,831 & 21,523 & 19,309 \\
\hline
97,850 & 97,900 & 21,125 & 16,844 & 21,537 & 19,321 \\
\hline
97,900 & 97,950 & 21,139 & 16,856 & 21,551 & 19,334 \\
\hline
97,950 & 98,000 & 21,153 & 16,869 & 21,565 & 19,346 \\
\hline
\end{array}
\]

Answer :

To determine how much tax Garth has to pay with a taxable income of [tex]$97,450 and filing with the Single status, we'll follow these steps:

1. Identify the Income Range: Garth's taxable income of $[/tex]97,450 falls between [tex]$97,450 and $[/tex]97,500 according to the tax table provided.

2. Locate the Tax Amount: For the Single filing status within this income range ([tex]$97,450 to $[/tex]97,500), the tax due is [tex]$21,013.

3. Conclusion: Therefore, Garth has to pay $[/tex]21,013 in taxes for the year based on his taxable income and filing status.

This step-by-step process helps us find the correct tax amount for Garth using the specified tax table for his income range and filing status.