Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

based on the brackets below, who will have some of their income taxed a…

Question

based on the brackets below, who will have some of their income taxed at 22%? select all that apply. • $0-$12,000: 10% • $12,000-$50,000: 12% • $50,000-$75,000: 22% • $75,000-$100,000: 24% 1 barry earns $31,000 per year. 2 marcie earns $80,000 per year. 3 pablo earns $72,000 per year. 4 nala earns $25,000 per year.

Explanation:

Step1: Analyze Barry's income

Barry earns $31,000. The tax brackets are $0 - $12,000 (10%), $12,000 - $50,000 (12%). So Barry's tax rate is 12%, not 22%.

Step2: Analyze Marcie's income

Marcie earns $80,000. The tax brackets are $0 - $12,000 (10%), $12,000 - $50,000 (12%), $50,000 - $75,000 (22%), $75,000 - $100,000 (24%). Marcie's income is in the $75,000 - $100,000 bracket, but part of her income (from $50,000 to $75,000) is taxed at 22%.

Step3: Analyze Pablo's income

Pablo earns $72,000. The tax bracket $50,000 - $75,000 has a 22% tax rate. So Pablo's income is within this bracket, so part of his income is taxed at 22%.

Step4: Analyze Nala's income

Nala earns $25,000. The tax bracket $12,000 - $50,000 has a 12% tax rate. So Nala's tax rate is 12%, not 22%.

Answer:

  1. Marcie earns $80,000 per year, 3. Pablo earns $72,000 per year