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Tax Table For an individual with $36,000 in taxable income, hov much money will that individual pay ir the 10% tax bracket? Standard $12,200.00 Deduction Taxable income Income Tax Rate 0-$9,700 10% $9,701-$39,475 12% $39,476-$84,200 22% $84,201-$160,275 24% Above $160,275 32-37%

Tax Table For an individual with $36,000 in taxable income, hov much money will that individual pay ir the 10% tax bracket? Standard $12,200.00 Deduction Taxable income Income Tax Rate 0-$9,700 10% $9,701-$39,475 12% $39,476-$84,200 22% $84,201-$160,275 24% Above $160,275 32-37%

FINANCIAL ACCOUNTING
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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Tax Table For an individual with $36,000 in taxable income, how much money will that individual pay in the 10% taxbracket? Standard Deduction $12,200.00 Taxable income Income Tax Rate 0-$9,700 10% $9,701-$39,475 12% $39,476-$84,200 22% $84,201-$160,275 24% Above $160,275 32-37% A. $12,200 B. $3,600 C. $9,700 D. $970 - 2021 Acelhus Corporation. All Rights Reserved. 69
Transcribed Image Text:Tax Table For an individual with $36,000 in taxable income, how much money will that individual pay in the 10% taxbracket? Standard Deduction $12,200.00 Taxable income Income Tax Rate 0-$9,700 10% $9,701-$39,475 12% $39,476-$84,200 22% $84,201-$160,275 24% Above $160,275 32-37% A. $12,200 B. $3,600 C. $9,700 D. $970 - 2021 Acelhus Corporation. All Rights Reserved. 69
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