Ask Question
15 September, 17:14

Josh earned $82,500 in taxable income, all from wages and interest, and files an individual tax return. What is the amount of Josh's taxes for the year 2015? Round to the nearest dollar.

+3
Answers (1)
  1. 15 September, 17:52
    0
    Josh's taxes for the year 2015 are $16481.25.

    Explanation:

    tax rates are 10%, 15% and 25%.

    Josh's taxes = 10%*9075 + 15% * (36900-9075) + 25% * (82500-36900)

    = $907.5 + $4173.75 + $11400

    = $16481.25

    Therefore, Josh's taxes for the year 2015 are $16481.25.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Josh earned $82,500 in taxable income, all from wages and interest, and files an individual tax return. What is the amount of Josh's taxes ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers