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If Susie earns $778,000 in taxable income, how much tax will she pay as a single taxpayer for 2021? (Use tax rate schedule.) Multiple Choice

If Susie earns $778,000 in taxable income, how much tax will she pay as a single taxpayer for 2021? (Use tax rate schedule.)

Multiple Choice

  • $224,382

  • $287,860

  • $251,932

  • $208,278

  • None of the choices are correct

If taxable income is over: But not over: The tax is:
$ 0 $ 9,950 10% of taxable income
$ 9,950 $ 40,525 $995 plus 12% of the excess over $9,950
$ 40,525 $ 86,375 $4,664 plus 22% of the excess over $40,525
$ 86,375 $ 164,925 $14,751 plus 24% of the excess over $86,375
$ 164,925 $ 209,425 $33,603 plus 32% of the excess over $164,925
$ 209,425 $ 523,600 $47,843 plus 35% of the excess over $209,425
$ 523,600 $157,804.25 plus 37% of the excess over $523,600

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