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.
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.