Follow the steps to calculate the federal income tax owed on a [tex]$\$[/tex]30,000$ salary, using the given tax rates.
Calculate the amount of taxable income in the [tex]$12\%$[/tex] tax bracket.
\begin{tabular}{|r|c|}
\hline
Standard Deduction & \begin{tabular}{c}
[tex]$\$[/tex]12,200$ \\
\end{tabular} \\
\hline
Income Range (\$) & Progressive Tax Rate \\
\hline
[tex]$0-9,700$[/tex] & [tex]$10\%$[/tex] \\
\hline
[tex]$9,701-39,475$[/tex] & [tex]$12\%$[/tex] \\
\hline
[tex]$39,476-84,200$[/tex] & [tex]$22\%$[/tex] \\
\hline
[tex]$84,201-160,275$[/tex] & [tex]$24\%$[/tex] \\
\hline
[tex]$160,276+$[/tex] & [tex]$32\%$[/tex] \\
\hline
\end{tabular}
Taxable Income = [tex]$\$[/tex]17,800$
[tex]$\$[/tex]9,700 \cdot 10\% = \[tex]$970$[/tex]
[tex]$\$[/tex][?] \cdot 12\% = \[tex]$[?]$[/tex]