Choose one of the given careers. State your career choice and find the monthly income after taxes.

Use the federal income tax brackets for a taxpayer who is single.
\begin{tabular}{|c|c|}
\hline & Single \\
\hline If Taxable Income Is Between: & Then the Tax Due Is: \\
\hline [tex]$\$[/tex] 0-\[tex]$ 9700$[/tex] & [tex]$10 \%$[/tex] of taxable income \\
\hline [tex]$\$[/tex] 9701-\[tex]$ 39,475$[/tex] & [tex]$\$[/tex] 970+12 \%[tex]$ of the amount over $[/tex]\[tex]$ 9700$[/tex] \\
\hline [tex]$\$[/tex] 39,476-\[tex]$ 84,200$[/tex] & [tex]$\$[/tex] 4543+22 \%[tex]$ of the amount over $[/tex]\[tex]$ 39,475$[/tex] \\
\hline [tex]$\$[/tex] 84,201-\[tex]$ 160,725$[/tex] & [tex]$\$[/tex] 14,382.50+24 \%[tex]$ of the amount over $[/tex]\[tex]$ 84,200$[/tex] \\
\hline [tex]$\$[/tex] 160,726-\[tex]$ 204,100$[/tex] & [tex]$\$[/tex] 32,748.50+32 \%[tex]$ of the amount over $[/tex]\[tex]$ 160,725$[/tex] \\
\hline [tex]$\$[/tex] 204,101-\[tex]$ 510,300$[/tex] & [tex]$\$[/tex] 46,628.50+35 \%[tex]$ of the amount over $[/tex]\[tex]$ 204,100$[/tex] \\
\hline [tex]$\$[/tex] 510,301+[tex]$ & $[/tex]\[tex]$ 153,798.50+37 \%$[/tex] of the amount over [tex]$\$[/tex] 510,300$ \\
\hline
\end{tabular}



Answer :

### Career Choice: Software Developer

Let's assume the annual income for a Software Developer is [tex]$60,000. To find the monthly income after taxes, we need to follow these steps using the federal income tax brackets for a single taxpayer: 1. Federal Income Tax Calculation: - The federal income tax brackets for a single taxpayer are defined as follows: - $[/tex]0-[tex]$9,700: 10% of taxable income - $[/tex]9,701-[tex]$39,475: $[/tex]970 + 12% of the amount over [tex]$9,700 - $[/tex]39,476-[tex]$84,200: $[/tex]4,543 + 22% of the amount over [tex]$39,475 - $[/tex]84,201-[tex]$160,725: $[/tex]14,382.50 + 24% of the amount over [tex]$84,200 - $[/tex]160,726-[tex]$204,100: $[/tex]32,748.50 + 32% of the amount over [tex]$160,725 - $[/tex]204,101-[tex]$510,300: $[/tex]46,628.50 + 35% of the amount over [tex]$204,100 - $[/tex]510,301 and above: [tex]$153,798.50 + 37% of the amount over $[/tex]510,300

2. Determine Tax for [tex]$60,000 Income: - Income falls in the bracket $[/tex]39,476-[tex]$84,200. - First $[/tex]9,700 taxed at 10%: [tex]$9,700 0.10 = $[/tex]970
- Next [tex]$29,775 (i.e., $[/tex]39,475 - [tex]$9,700) taxed at 12%: $[/tex]29,775
0.12 = [tex]$3,573 - Remaining $[/tex]20,525 (i.e., [tex]$60,000 - $[/tex]39,475) taxed at 22%: [tex]$20,525 * 0.22 = $[/tex]4,515.50

- Total Tax Due:
[tex]\[ \text{Total Tax} = 970 + 3,573 + 4,515.50 = 9,058.50 \][/tex]

3. Calculate Annual Income After Tax:
- Annual Income After Tax:
[tex]\[ 60,000 - 9,058.50 = 50,941.50 \][/tex]

4. Calculate Monthly Income After Taxes:
- Monthly Income After Tax:
[tex]\[ \frac{50,941.50}{12} = 4,245.125 \][/tex]

### Conclusion:
For a Software Developer earning [tex]$60,000 annually, the monthly income after federal taxes is approximately $[/tex]4,245.13.