QUESTION IMAGE
Question
single taxpayers (2013)
taxable income between: \ttax rate
$0 \t$8,925 \t10%
$8,925 \t$36,250 \t15%
$36,250 \t$87,850 \t25%
$87,850 \t$183,250 \t28%
$183,250 \t$398,350 \t33%
$398,350 \t$400,000 \t35%
$400,000 \tand above \t39.6%
latonya was just hired as an engineer for an electric company she will make a salary of $50,000 a year how much of latonyas salary will be taxed at the 10 percent rate? $8,925 how much of latonyas salary will be taxed at the 28 percent rate? $0 $8,925 $50,000
Step1: Analyze tax brackets
LaTonya's salary is $50,000. The 28% tax bracket starts at $87,850. Since $50,000 < $87,850, her income doesn't fall into the 28% bracket.
Step2: Determine taxable amount at 28%
As her income is below the start of the 28% bracket, the amount taxed at 28% is $0.
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$0