Answered

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Use the marginal tax rate chart to answer the question.


---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

Sagot :

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