Tax Income
This is taxed based on how much you make in one year. Based on how much the individual makes in this year will effect the taxed amount.
Step 1
83,465 x 5.05 = 4214.98
Step 2
(Note this is the second tax at 9.15)
83,465 x 9.15 = 7637.04
Step 3
(Add both taxed together for total income tax paid)
7637.04 + 4214.98 =11,852.02
