Answer
$2645$
Work Step by Step
Using the table we get:
tax liability on first $12400$: $12400\cdot0.1=1240$
tax liability on$12401$ to $47350$: $(47350-12400)\cdot0.15=5242.5$
tax liability on$47351$ to $58000$: $(58000-47350)\cdot0.25=2662.5$
Total tax liability: $1240+5242.5+2662.5=9145$
Total tax owed: total tax liability-tax credits= $9145-6500=2645$
