Ethan's taxable income is 87,525 . Use this tax schedule to calculate the total amount he owes in taxes. }(l) If taxable incame is over- & But not over- & The tax is: 50 & 7,825 & 10 percent of the amount over 50 57.825 & 31.850 & 782.50 plus 15 percent of the amount over 7,825 531.850 & 77,100 & 4,386.26 plus 25 percent of the amount over 31.650 577.100 & 160.850 & 15,698.75 plus 26 percent of the amount over 77,100 5160.850 & 349.700 & 39,148.75 plus 33 percent of the amount over 150,850 5349.700 & no limit & 101,469.25 plus 35 peroont of the amount over 349,700

To calculate Ethan's total tax liability based on his taxable income of 77,100 but not over 15,698.75 plus 28% of the amount over 87,525 falls in the fourth bracket: " 160,850." Therefore, we will use the formula for this bracket: ## Step 2: Calculate the excess income over 77,100 from Ethan's taxable income: ## Step 3: Compute the tax on the excess income### Multiply the excess income by 28% (or 0.28): ## Step 4: Add the base tax for the bracket### Add the base tax of $15,698.75 to the tax on the excess income: