QUESTION IMAGE
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.
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%.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
- Marcie earns $80,000 per year, 3. Pablo earns $72,000 per year