If your taxable income is $190,000 and the marginal tax bracket for amounts $157,500-$200,000 is 32%,...

If your taxable income is $190,000 and the marginal tax bracket for amounts $157,500-$200,000 is 32%, what will be the amount of tax due on your earnings over $157,500?

Expert Solution

Earning above $157,500 = 190,000 - 157,500

Earning above $157,500 = $32,500

Taxes on Earning above $157,500 = 32,500(0.32)

Taxes on Earning above $157,500 = $10,400

jeff jeffy answered 2 years ago

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