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John is married filing separately with taxable income of $141,766. Calculate the amount of tax owed.

Solve the problem. Refer to the table if necessary. 2013 Marginal Tax Rates, Standard Deductions, and Exemptions at Married F

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Answer #1

Answer:

Filing status: Married filing separately

Taxable income = $141,766

Amount of tax owed = 8925 * 10% +(36250 - 8925) * 15% + (73200 - 36250) * 25% + (111525 - 73200) * 28% + (141766 - 111525) * 33%

=$34939.28

Amount of tax owed = $34,939

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