Answer :
To determine how much tax Gina needs to pay based on her taxable income of \[tex]$62,200 and her "Single" filing status, you can follow these steps using the tax table provided:
1. Identify the Income Range: First, locate the income range in the tax table that includes Gina's taxable income of \$[/tex]62,200. According to the table, the relevant range is from \[tex]$62,200 to \$[/tex]62,250.
2. Check the Tax Amount for "Single" Status: For individuals with a "Single" filing status whose taxable income falls within the \[tex]$62,200 to \$[/tex]62,250 range, the tax amount listed in the table is \[tex]$11,744.
3. Determine the Tax Payment: Since Gina's taxable income falls within this range, she needs to pay \$[/tex]11,744 in taxes based on her income and filing status.
So, the amount of tax Gina must pay is \$11,744.
1. Identify the Income Range: First, locate the income range in the tax table that includes Gina's taxable income of \$[/tex]62,200. According to the table, the relevant range is from \[tex]$62,200 to \$[/tex]62,250.
2. Check the Tax Amount for "Single" Status: For individuals with a "Single" filing status whose taxable income falls within the \[tex]$62,200 to \$[/tex]62,250 range, the tax amount listed in the table is \[tex]$11,744.
3. Determine the Tax Payment: Since Gina's taxable income falls within this range, she needs to pay \$[/tex]11,744 in taxes based on her income and filing status.
So, the amount of tax Gina must pay is \$11,744.
