What would be the marginal tax rate for a single person who has a taxable income of: a) $31,560 b) $58,150 c) $66,450 d) $100,580
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- What are the tax rates for FICA Social Security and FICA Medicare? What are the maximum taxable earnings amounts for each of these taxes?What would be the marginal tax rate for a single person who has the following taxable income? 1. $35,310 2. $67,710 3. $87,000 4. $111,750A single individual pays $7,813 on a taxable income of $47,810 and $7,838 on a taxable income of $47,910. What is the marginal tax rate? a. 16% b. 50% c. 25% d. 15%
- If you have a taxable income of $369,770.00, what is your top marginal tax rate? total tax bill? S average tax rate? de % %You pay personal taxes on your calculated _________________ income. Group of answer choices A.marginal B.taxable C.adjusted gross D. grossIf you have a taxable income of $372,570.00, what is your total tax bill? $ average tax rate? %
- What would be the tax liability for a single taxpayer who has a gross income of $55,300 (use the chart attached and use a standard deduction of $12,400) (round to the nearest cent) {DO NOT INCLUDE COMMAS OR $}?What is the correct answer to the following questions (1,2 and 3): 1. How much is the taxable income? 2. How much is the income tax due? 3. How much of Taylor's income is subject to final tax?What are the tax rates for minors' unearned income? Select one: A. Nil for every $1 earned up to $750, $0.66 for every $1 from $751 to $3,333 and $0.47 for every $1 over $3,333 B. $0.66 for every $1 earned up to $750 and $0.47 for every $1 in excess C. All minors' unearned income is taxed at the relevant adult (non-minor) marginal tax rate D. Nil for every $1 earned up to $416, $0.66 for every $1 from $417 to $1,307 and $0.45 for every $1 earned if the income earned is above $1,307
- You pay personal taxes on your calculated ____ income. a. adjusted gross b. marginal c. taxable d. grossQUESTION 3 Following is a partial personal taxable income schedule for a single filer: But Not Over- Difference Over- $ 0 9,525 38,700 $ 9,525 38,700 82,500 $ 9,525 29,175 43,800 Marginal Tax Rate 0.10 0.12 0.22 What would be the maximum dollar amount of income taxes in the $38,700-$82,500 bracket paid by a single filer with taxable income of $82,500?Use the following tax table to determine how much income tax is paid on 915500 of taxable income. Total Paid = $ $