Income Tax Brackets   Income Range Tax Rate $0 – $…

Income Tax Brackets   Income Range Tax Rate $0 – $20,000 0% $20,001 – $39,000 31% $39,001 – $70,000 42% $70,001 + 50%   Suppose that a nation decides to introduce a new income tax system with the tax brackets shown in the table above. How much tax is owed for a person earning $35,000?