select the correct answer. which pair of factors determines an individuals income tax bracket? a. adjusted…

select the correct answer. which pair of factors determines an individuals income tax bracket? a. adjusted gross income and the number of children b. taxable income and deductions c. adjusted gross income and age d. taxable income and filing status

select the correct answer. which pair of factors determines an individuals income tax bracket? a. adjusted gross income and the number of children b. taxable income and deductions c. adjusted gross income and age d. taxable income and filing status

Answer

Brief Explanations:

Income tax brackets are determined by an individual's taxable income (which is calculated after various adjustments and deductions from gross income) and their filing status (such as single, married - filing jointly, etc.). Adjusted gross income is a step in calculating taxable income, and factors like number of children, age, and deductions are used in the process of arriving at taxable income but do not directly determine the tax bracket like taxable income and filing status do.

Answer:

D. taxable income and filing status