College

Nadia's taxable income last year was [tex] \$62,650 [/tex]. According to the tax table below, how much tax does she have to pay if she files with the "Single" status?

\[
\begin{array}{|c|c|c|c|c|}
\hline
\text{If line 43 (taxable income) is -} & \multicolumn{4}{|c|}{\text{And you are -}} \\
\hline
\text{At least} & \text{But less than} & \text{Single} & \text{Married filing jointly} & \text{Head of household} \\
\hline
62,000 & 62,050 & 11,694 & 8,469 & 10,359 \\
\hline
62,050 & 62,100 & 11,706 & 8,476 & 10,371 \\
\hline
62,100 & 62,150 & 11,719 & 8,484 & 10,384 \\
\hline
62,150 & 62,200 & 11,731 & 8,491 & 10,396 \\
\hline
62,200 & 62,250 & 11,744 & 8,499 & 10,409 \\
\hline
62,250 & 62,300 & 11,756 & 8,506 & 10,421 \\
\hline
62,300 & 62,350 & 11,769 & 8,521 & 10,434 \\
\hline
62,350 & 62,400 & 11,781 & 8,529 & 10,446 \\
\hline
62,400 & 62,450 & 11,794 & 8,536 & 10,459 \\
\hline
62,450 & 62,500 & 11,806 & 8,544 & 10,471 \\
\hline
62,500 & 62,550 & 11,819 & 8,551 & 10,484 \\
\hline
62,550 & 62,600 & 11,831 & 8,559 & 10,496 \\
\hline
62,600 & 62,650 & 11,844 & 8,566 & 10,509 \\
\hline
62,650 & 62,700 & 11,856 & 8,574 & 10,521 \\
\hline
62,700 & 62,750 & 11,869 & 8,581 & 10,534 \\
\hline
62,750 & 62,800 & 11,881 & 8,589 & 10,546 \\
\hline
\end{array}
\]

Based on the table, Nadia will have to pay [tex] \$11,856 [/tex] in taxes if she files with the "Single" status.

Answer :

To find out how much tax Nadia has to pay, we'll use her taxable income and look at the tax table provided for someone with the "Single" filing status. Nadia's taxable income for last year was [tex]$62,650.

Let's follow these steps to determine the tax amount:

1. Identify the appropriate income bracket:

Nadia's taxable income is $[/tex]62,650. We need to find which tax bracket this amount falls into. According to the tax table, this falls within the range of [tex]$62,650 to $[/tex]62,700.

2. Determine the tax amount:

For the "Single" status, the tax amount for an income between [tex]$62,650 and $[/tex]62,700 is [tex]$11,856.

Therefore, Nadia has to pay $[/tex]11,856 in taxes for her taxable income of $62,650, when filing as "Single".