Brisa has not yet filed her 2022 personal income tax returns. She is quite upset at how much money she will owe in taxes and is dreading to prepare them. As a lawyer, she worked extremely hard in 2022 and on January 1, 2023, she became a partner in the law firm where she worked. In 2022, she earned a gross annual salary of $230,000, and as she was on the partner track, she also received a bonus in December 2022 of $35,000. As Brisa is in the top marginal tax bracket, how much of her bonus will she pay taxes 2022? Taxable income and tax brackets 2022 Taxable Income Income first $46,295 27.53% over $46, 295 up to $50, 197 32.53% over $50, 197 up to $92,580 37.12% over $92, 580 up to $ 100,392 41.12% over $100, 392 up to $112,655 45.71% over $112, 655 up to $155, 625 47.46% over $155,625 up to $221,708 50.23% over $221,708 53.31% Select one: a. $18, 659 b. $19,764 c. $14,753 d. $16, 342 e. $15, 535

Brisa has not yet filed her 2022 personal income tax returns. She is quite upset at how much money she will owe in taxes and is dreading to prepare them. As a lawyer, she worked extremely hard in 2022 and on January 1, 2023, she became a partner in the law firm where she worked. In 2022, she earned a gross annual salary of $230,000, and as she was on the partner track, she also received a bonus in December 2022 of $35,000. As Brisa is in the top marginal tax bracket, how much of her bonus will she pay taxes 2022? Taxable income and tax brackets 2022 Taxable Income Income first $46,295 27.53% over $46, 295 up to $50, 197 32.53% over $50, 197 up to $92,580 37.12% over $92, 580 up to $ 100,392 41.12% over $100, 392 up to $112,655 45.71% over $112, 655 up to $155, 625 47.46% over $155,625 up to $221,708 50.23% over $221,708 53.31% Select one: a. $18, 659 b. $19,764 c. $14,753 d. $16, 342 e. $15, 535

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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