Marginal Tax Rate Chart Marginal Tax Rate Tax Bracket $0-$10,275 10% $10,276-$41,175 12% $41,176-$89,075 22% $89,076-$170,050 24% $170,051-$215,950 32% $215,951-$539,900 35% > $539,901 37% Determine the amount of taxes owed on a taxable income of $38,520. O $3,852.00 $4,416.90 $4,622.40 $8,474.40

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Marginal Tax Rate Chart
Tax Bracket
Marginal Tax Rate
$0-$10,275
10%
$10,276-$41,175 12%
$41,176-$89,075 22%
$89,076-$170,050 24%
$170,051-$215,950 32%
$215,951-$539,900 35%
> $539,901
37%
Determine the amount of taxes owed on a taxable income of $38,520.
$3,852.00
$4,416.90
$4,622.40
$8,474.40
Transcribed Image Text:Lessons Assessments ✓ Gradebook Email 39 Tools My Courses Marginal Tax Rate Chart Tax Bracket Marginal Tax Rate $0-$10,275 10% $10,276-$41,175 12% $41,176-$89,075 22% $89,076-$170,050 24% $170,051-$215,950 32% $215,951-$539,900 35% > $539,901 37% Determine the amount of taxes owed on a taxable income of $38,520. $3,852.00 $4,416.90 $4,622.40 $8,474.40
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