## 04 Nov Find his earned income level.2. Enter the base amount. = \$ 31,850431.135,173.503,1504,38625787.503. Find the amount over \$ 43

2007 Federal Income Tax TableSingle:OverBut not overThe tax is\$0\$7,82510% of the amount over \$0\$7,825\$31,850\$788 + 15% of the amount over \$7,825\$31,850\$77,100\$4,386 + 25% of the amount over \$31,850\$77,100\$160,850\$15,699 + 28% of the amount over \$77,100\$160,850\$349,700\$39,149 + 33% of the amount over \$160,850\$349,700And Over\$101,469 + 35% of the amount over \$349,700

Mr. Profit had a taxable income of \$35,000. He figured his tax from the table above.

1. Find his earned income level.

2. Enter the base amount. = \$ 31,850431.135,173.503,1504,38625787.50

3. Find the amount over \$ 431.134,3865,173.5025787.5031,8503,150 = \$ 31,8505,173.50787.503,150431.134,38625

4. Multiply line 3 by 3,150787.505,173.5031,850431.134,38625% = \$ 31,850787.50255,173.50431.134,3863,150

5. Add Lines 2 and 4 = \$ 787.50431.13255,173.5031,8504,3863,150

6. Compute his monthly withholding would be = \$ 431.1331,8503,15025787.505,173.504,386