rate is ner income up to $$y,<mn\; id="EditorElement\_558845">5</mn>$ taxed at$?$

Does this mean that all of her income is taxed at $12\%?$

Reader

Correct, this is commonly misunderstood. If you look at the different marginal tax rates, you will notice that income earned at lower tax brackets is taxed at lower rates.

How much income tax would Jamie pay?

$($Round to the nearest dollar.$)$

Enter a response then click Submit below $rate is ner income up to $$y,<mn\; id="EditorElement\_558429">5</mn>$ taxed at$?$

Does this mean that all of her income is taxed at $12\%?$

Reader

Correct, this is commonly misunderstood. If you look at the different marginal tax rates, you will notice that income earned at lower tax brackets is taxed at lower rates.

How much income tax would Jamie pay?

$($Round to the nearest dollar.$)$

Enter a response then click Submit below $