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2018 Tax Rate, Single Individual Use the following tax rates to answer the questions. 2018 Tax Rate, Single Individual SO Taxable income Tax Payable $9,525

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2018 Tax Rate, Single Individual Use the following tax rates to answer the questions. 2018 Tax Rate, Single Individual SO Taxable income Tax Payable $9,525 10% of TI $9,525 $38,700 $952.50 plus 12% of (TI - $9,525) $38,700 $82,500 $4,453.50 plus 22% of (TI - $38,700) $82,500 $157,500 $14,089.50 plus 24% of (TI - $82,500) $157,500 $200,000 $32,089.50 plus 32% of (TI - $157,500) $200,000 $500,000 $45689.50 plus 35% of (TI - $200,000) $500,000 . no limit $150,689.50 plus 37% of (TI - $500,000) Question 18 (3 points) If Sam has a taxable income of $136,000 what is her tax bill? O $25,859.50 O $26,929.50 O $32,640.00 Question 19 (3 points) If Jim has $120,000 taxable income and a $5,000 tax credit. What is Jim's total tax bill? O $18,089.50 O $21,889.50 O $23,089.50

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