Need help to decided which is correct

Anonymous
timer Asked: Nov 16th, 2015

Question description

I already solve it twice but not sure help please:

Ramon, a single taxpayer, has adjusted gross income for 2013 of $98,000 and his itemized deductions total $19,000. What taxable income will Ramon show in 2013?

Answer 1: For taxable income over $89,350 but not over $$186,350, the income tax is $18,193.75 plus 28% of the amount over $89,350. [($98,000 - $89,350) * 28% = $2,422]. The tax is therefore $18,193.75 + $2,422 = $20,615.75

Answer 2: $75,350 ($98,000 - $3,650 - $19,000)

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