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Tameka, a single taxpayer, has taxable income of $97,075 that is taxed as follows: $10,275 10% = $1,027.50 ($41,775 $10,275) x 12% = 3,780.00 ($89,075
Tameka, a single taxpayer, has taxable income of $97,075 that is taxed as follows: $10,275 10% = $1,027.50 ($41,775 $10,275) x 12% = 3,780.00 ($89,075 $41,775) 22% = 10,406.00 ($97,075 $89,075) 24% = 1,920.00 Total tax liability $ 17,133.50 Her marginal tax rate is: O 24%. 22%. O 17.6%. O 12%.
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