Question

jamel has a taxable income of $50,000 in 2023. based on the 2023 tax brackets, what portion of jamels income is taxed at 22% as a single filer? $5,275 $0 $38,999

Explanation:

Step1: Recall 2023 single tax brackets

For 2023 single filers, the 22% tax bracket applies to income between $44,726 and $95,375.

Step2: Calculate taxable portion at 22%

Subtract the lower threshold of the 22% bracket from Jamel's income.
$\$50,000 - \$44,725 = \$5,275$
Note: The bracket starts at $44,726, so income above $44,725 falls into this bracket.

Answer:

$\$5,275$