Tax Brackets Warmup

Front

What is the marginal tax rate for a single filer with a taxable income of $75,000 according to the provided tax brackets?

Back

22%

Front

What is the maximum taxable income for married individuals filing jointly to remain in the 12% tax bracket?

Back

$94,300

Front

If a married couple filing jointly earns $400,000, which tax bracket would they fall into?

Back

32%.

Front

Assuming a single person and a married couple filing jointly both have a taxable income of $65,000, who would pay a higher income tax?

Back

The single person

Front

Jody claims he will owe $24,000 in federal income taxes as a single filer with a $100,000 income. Is this statement likely to be correct?

Back

No, because the tax rate for his income level is less than 24%

Front

For a head of household with a taxable income of $150,000, which tax bracket would they fall into? Options: 24%, 32%, 35%, 37%

Back

32%

Front

What is the maximum taxable income for a single filer to remain in the 22% tax bracket?

Back

$86,375

Front

If a married couple filing separately has a taxable income of $90,000 each, who would pay a higher income tax?

Back

Both would pay the same amount

Front

What is the maximum taxable income for a head of household to remain in the 24% tax bracket?

Back

$163,300

Front

For a single filer with a taxable income of $200,000, which tax bracket would they fall into? Options: 24%, 32%, 35%, 37%

Back

32%