Answer:
Your taxes are $13,425
Step-by-step explanation:
Taxes paid by Americans depend on their income. If they earn between $114,500 and $163,000, they must pay a fixed amount of $6,250 plus 35% of the income over $114,500.
If you earn $135,000, you definitely all into the described bracket. We need to calculate the income above the minimum $114,500:
taxable income=$135,000-$114,500=$20,500
Thus, you must pay:
Tax = $6,250 + 35% of $20,500
Tax = $6,250 + 35/100 $20,500
Tax = $6,250 + $7,175 = $13,425
Your taxes are $13,425
