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(Solved): Given the 2023 individual income tax bracket (filling status: single), calculate the federal taxes o ...
Given the 2023 individual income tax bracket (filling status: single), calculate the federal taxes owed by someone who made $250,000. (Round to the nearest dollar).
2023 tax brackets: single filers \begin{tabular}{|l|l|} \hline Tax rate & Taxable income bracket ? \\ \hline 10% & $0 to $11,000 \\ \hline 12% & $11,001 to $44,725. \\ \hline 22% & $44,726 to $95,375. \\ \hline 24% & $95,376 to $182,100. \\ \hline 32% & $182,101 to $231,250. \\ \hline 35% & $231,251 to $578,125. \\ \hline 37% & $578,126 or more. \\ \hline \end{tabular}