Calculating Income Tax: Fun with Tax Brackets!

1. Sarah earns $40,000 a year. If the tax rate for her income bracket is 10%, how much tax does she pay?

• $6,000

• $3,000

• $5,000

• 4000

2. John has a salary of $60,000. The tax rate for income between $50,000 and $75,000 is 15%. How much tax does John owe?

• $750

• $3,000

• $1,500

• $2,000

3. Emily's annual income is $80,000. If the first $50,000 is taxed at 10% and the remaining at 20%, what is her total tax?

• 12000

• 11000

• 9000

• 15000

4. A family earns $100,000. The tax brackets are: 10% for the first $50,000 and 20% for income above that. How much tax do they pay?

• $20,000

• $10,000

• 15000

• $25,000

5. Mark makes $30,000 and pays 10% in taxes. If he gets a raise to $45,000, how much more tax will he pay?

• $750

• $1,500

• $3,000

• $2,000

6. If a person earns $120,000 and the tax rate is 25% for income over $100,000, how much tax do they owe on the amount over $100,000?

• $15,000

• $10,000

• $5,000

• $2,500

7. Lisa has a taxable income of $55,000. If the tax rate for her bracket is 12%, how much tax does she pay?

• $6,600

• $7,200

• $8,800

• $5,500

8. Tom's income is $90,000. The first $50,000 is taxed at 10%, and the next $40,000 at 15%. What is his total tax?

• $15,000

• $8,000

• $12,500

• $11,000

9. A couple earns $150,000 combined. If the tax rate is 20% for income over $100,000, how much tax do they owe on the amount over $100,000?

• $10,000

• $5,000

• $20,000

• $15,000

10. If a student earns $25,000 from a part-time job and pays 5% in taxes, how much tax do they pay?

• $2,000

• $1,250

• $1,500

• $1,000