Answer: $14,912.5
Step-by-step explanation:
given data:
thomas salary in 2017 = $68,000
exemption = $8,350
solution:
thomas taxable income
= salary in 2017 - tax exemptions
= $68,000 - $8350
= $59,560
federal income tax = 25%
= 0.25 * $59,560
= $14,912.5
thomas Owe’s $14,912.5 in federal Income tax at the end of the year.
