Ms. Sullivan is single with a gross income of $76,555. Her employer withheld $12,381 in federal taxes. Apply the standard deduction of $12,400, calculate her tax, then determine how much she owes or the amount of her refund. Use a negative number to represent a refund and a positive amount to represent addtional taxes owed. Round to the nearest penny. Single If taxable income is over: $0 $9,875 $40,125 $85,525 $163,300 $207,350 $518,400 Answer: but not over: $9,875 $40,125 $85,525 $163,300 $207,350 $518,400 no limit the tax is: 10% of the amount over $0 $988 plus 12% of the amount over $9,875 $4,618 plus 22% of the amount over $40,125 $14,606 plus 24% of the amount over $85,525 $33,272 plus 32% of the amount over $163,300 $47,368 plus 35% of the amount over $207,350 $156,235 plus 37% of the amount over $518,400
