10. Anna is single, and she files taxes based on a taxable income of $90,000. Given the tax bracket shown below, her tax is closest to ... Single Taxable Income $0-$9 525 $9 526- $38.700 $38.701-$82,500 $82 501-$157.500 $157.501-$200 000 $200 001-$500 000 $500 001 or more a) $9,000 b) $10,610 c) $15,739 d) $21,600 e) $14,090 $15,890 g) $32,090 Tax Rate 10% of taxable income $952.50 plus 12% of the amount over $9.525 $4.453.50 plus 22% of the amount over $38.700 $14.089.50 plus 24% of the amount over $82,500 $32.089.50 plus 32% of the amount over $157.500 $45,689.50 plus 35% of the amount over $200.000 $150.689 50 plus 37% of the amount over $500,000
10. Anna is single, and she files taxes based on a taxable income of $90,000. Given the tax bracket shown below, her tax is closest to ... Single Taxable Income $0-$9 525 $9 526- $38.700 $38.701-$82,500 $82 501-$157.500 $157.501-$200 000 $200 001-$500 000 $500 001 or more a) $9,000 b) $10,610 c) $15,739 d) $21,600 e) $14,090 $15,890 g) $32,090 Tax Rate 10% of taxable income $952.50 plus 12% of the amount over $9.525 $4.453.50 plus 22% of the amount over $38.700 $14.089.50 plus 24% of the amount over $82,500 $32.089.50 plus 32% of the amount over $157.500 $45,689.50 plus 35% of the amount over $200.000 $150.689 50 plus 37% of the amount over $500,000
Chapter12: Tax Administration And Tax Planning
Section: Chapter Questions
Problem 22MCQ: Melodie's taxable income is $39,000 and she pays income tax of $4,489. If Melodie's taxable income...
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Transcribed Image Text:10. Anna is single, and she files taxes based on a taxable income of $90,000. Given the tax bracket shown below, her tax bill
is closest to
Single
Taxable Income
$0-$9.525
$9 526- $38.700
$38.701 - $82,500
$82,501-$157.500
$157.501-$200.000
$200 001 - $500 000
$500 001 or more
a) $9,000
b) $10,610
c) $15,739
d) $21,600
e) $14,090
$15,890
g) $32,090
Tax Rate
10% of taxable income
$952.50 plus 12% of the amount over $9.525
$4.453.50 plus 22% of the amount over $38.700
$14.089.50 plus 24% of the amount over $82,500
$32.089.50 plus 32% of the amount over $157.500
$45,689.50 plus 35% of the amount over $200.000
$150.689.50 plus 37% of the amount over $500,000
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