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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
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$224,382
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$287,860
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$251,932
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$208,278
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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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