Answer
Federal income tax if your income is $170,300
= $37,088
Explanation
From the tax schedule table, we can see that the tax for an earning greater than $123,700 but less than $188,450 is
$24,040 + 28% of the amount over $123,700
$170,300 is greater than $123,700 by (170,300 - 123,700) = $46,600
So, total tax is
$24,040 + 28% of the amount over $123,700
= 24,040 + (0.28 × 46,600)
= 24,040 + 13,048
= $37,088
Hope this Helps!!!
