Problem
Marcus is single and earns $3,475 each month as the manager of a cell phone store. He lives in Colorado, which has a flat tax rate of 4.63%. He uses the federal income tax brackets in the table to determine the amount he should have withheld each month for taxes.
What is his total tax withholdings each month according to the table?
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Federal Income Tax Brackets
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Federal Tax Rate
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Annual Income
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35%
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> $204,100
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32%
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$160,725 to $204,099
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24%
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$84,200 to $160,724
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22%
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$39,475 to $84,199
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12%
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$9,700 to $39,474
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10%
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< $9,700
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