2018 Federal Income Tax Brackets (pre-TCJA) Taxable Income Tax Rate $0-$9,525 $9,526-$38, 700 $38,701-$93,700 $93,701-$195,450 $195,451–$424,950 $424,951–$426,700 Over $426,700 10.0% 15.0% 25.0% 28.0% 33.0% 35.0% 39.6% Using the table, what is the total federal income tax bill for someone who makes $77,000 per year? O $14,903.75 O $8,050.25 O $10,780.25 O $5,700.75 O $9,169.50

2018 Federal Income Tax Brackets (pre-TCJA) Taxable Income Tax Rate $0-$9,525 $9,526-$38, 700 $38,701-$93,700 $93,701-$195,450 $195,451–$424,950 $424,951–$426,700 Over $426,700 10.0% 15.0% 25.0% 28.0% 33.0% 35.0% 39.6% Using the table, what is the total federal income tax bill for someone who makes $77,000 per year? O $14,903.75 O $8,050.25 O $10,780.25 O $5,700.75 O $9,169.50

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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