Tuesday, December 20, 2011

An individual filling a federal tax return whose income placed him or her in the 25% tax bracket paid federal?

An individual filling a federal tax return whose income placed him or her in the 25% tax bracket paid federal income taxes between $4469.25 and $16.055.25. The individual had to pay federal income taxes equal to $4469.25 plus 25% of the amount over $32,250. Find the range of taxable income in order for an individual to have been in the 25% tax bracket.

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