Question

Aaron Priest had a taxable income of $165,000. He figured his tax from the single taxpayer table above.

Answer 1

Aaron Priest, single, taxable income 165,000

1) Earned income tax level: Over 160,850 but not

over 349,700

2) base amount: 39,149

3) 33% of the amount over 160,850: 165,000-

160,850= 4150

4) 4150 33% = 1,369.50

5) 39,149 +1,369.50 = 40,518.50

6) monthly withholding: 40,518.50/12

=3,376.54

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