Answer:
$42168.5
Step-by-step explanation:
Based on the given table, for any taxable income between $160850 - $349700, the tax is $39149 + 33% of the amount over $160850.
Based on the formula, we can calculate the tax imposed on $170000 taxable income by following steps as follow:
Step 1:
$39149 + ($170000 - $160850) * 0.33
Step 2:
$39149 + ($9150)* 0.33
Step 3:
$39149 + $3019.5
Step 4:
$42168.5 (Final answer)
