Question

2007 Federal Income Tax Table
Single:
Over But not over The tax is
$0 $7,825 10% of the amount over $0
$7,825 $31,850 $788 + 15% of the amount over $7,825
$31,850 $77,100 $4,386 + 25% of the amount over $31,850
$77,100 $160,850 $15,699 + 28% of the amount over $77,100
$160,850 $349,700 $39,149 + 33% of the amount over $160,850
$349,700 And Over $101,469 + 35% of the amount over $349,700
Tim Tradesman estimates his taxable income will be $7,500. He is paid every two weeks or 26 times a year. Because Tim has only one source of income, he uses the Tax Tables to estimate how much will be deducted form his pay for withholding.

1. Finds the tax rate for his income level. =
%

2. Enters the base amount. = $

3. Enters the amount of tax owed. = $

4. Divides by
= $​

Answer 1

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Question::-

• Tim Tradesman estimates his taxable income will be $7,500. He is paid every two weeks or 26 times a year. Because Tim has only one source of income, he uses the Tax Tables to estimate how much will be deducted form his pay for withholding.

Options answer::-

• ⚘1.Finds the tax rate for his income level. = 10%
• ⚘2.Enters the base amount. = $7,500.
• ⚘3. Enters the amount of tax owed. = $7500×10%=750.
• ⚘4. Divides by 26 = $750/26=$28.85. this is the tax withhailed from weekly wages...

NOTE::- The underlined words nd numbers are the answer of the blanks...

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