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In 20 2 1 , Ryan earned $ 5 0 ,0 00 in taxable income, all from wages and interest, and files an individual tax
In 2021, Ryan earned $50,000 in taxable income, all from wages and interest, and files an individual tax return. What is the amount of his taxes based on the following 2021 tax brackets and rates for individuals?
Tax rate: 10%, Income: $0 - $9,950
Tax rate: 12%, Income: $9,951 - $40,525
Tax rate: 22%, Income: $40,526 - $86,375
A) $4,280.80
B) $6,748.50
C) $8,190.20
D) $11,000.00
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