High School

Given the following tax table, identify the correct tax amount for the range [tex]$62,650 - 62,700$[/tex] for single filers.

[tex]
\[
\begin{array}{|c|c|}
\hline
\text{Income Range} & \text{Single} \\
\hline
62,600 - 62,650 & 11,844 \\
62,650 - 62,700 & 11,856 \\
62,700 - 62,750 & 11,869 \\
\hline
\end{array}
\]
[/tex]

Choose the correct tax amount:

A. [tex]$11,856[/tex]
B. [tex]$11,844[/tex]
C. [tex]$8,559[/tex]
D. [tex]$8,566[/tex]

Answer :

To solve the problem, we need to determine the tax value from the given table. Here's how we can figure it out step by step:

1. Understand the question: We have a table showing tax values associated with specific income ranges. We need to find the correct tax value for a certain context based on the provided options.

2. Identify the relevant information: The table lists income ranges and corresponding tax values for different filing statuses. The income range is between \[tex]$62,650 and \$[/tex]62,700.

3. Look at the options provided:
- A. \[tex]$11,856
- B. \$[/tex]11,844
- C. \[tex]$8,559
- D. \$[/tex]8,566

4. Find the relevant row in the table: According to the table, for the income range of \[tex]$62,650 to \$[/tex]62,700, we have the following tax values for different filing statuses:
- Single: \[tex]$11,856
- Married filing jointly or qualifying widow(er): \$[/tex]8,566
- Married filing separately: \[tex]$11,856
- Head of household: \$[/tex]10,521

5. Determine the tax value for the Single status: This matches option A, which is \[tex]$11,856.

Therefore, the correct choice based on the table is:
- A. \$[/tex]11,856

This should be the tax value associated with the income in question under the Single filing status for the specified income range.