Using the following tax bracket cutoffs (the cutoffs represent the top of that bracket) calculate the income tax liability for someone with $250,000 of taxable income. (taxable income means that all deductions and exemptions are already accounted for)
Example: if the answer is $20,000 enter 20000
10% - $40,000
15% - $100,000
25% - $150,000
28% - $230,000
33% - $400,000
35% - $460,000
40% - all income over $460,000