Question
Use the charts below to answer the following questions. 2022 Standard Deductions Single Filers $12,950 Married Couples Filing Separately $12,950 Married Couples Filing Jointly $25,900
Use the charts below to answer the following questions.
2022 Standard Deductions
Single Filers | $12,950 |
Married Couples Filing Separately | $12,950 |
Married Couples Filing Jointly | $25,900 |
Heads of Households | $19,400 |
Surviving Spouses | $25,900 |
2022 Federal Tax Brackets
Tax Rate | Single Filers
| Married Filing Jointly | Head of Household |
10% | Up to $10,275 | Up to $20,550 | Up to $14,650 |
12% | $10,276 to $41,775 | $20,551 to $83,550 | $14,651 to $55,900 |
22% | $41,776 to $89,075 | $83,551 to $178,150 | $55,901 to $89,050 |
24% | $89,076 to $170,050 | $178,151 to $340,100 | $89,051 to $170,050 |
32% | $170,051 to $215,950 | $340,101 to $431,900 | $170,051 to $215,950 |
35% | $215,951 to $539,900 | $431,901 to $647,850 | $215,951 to $539,900 |
37% | Over $539,900 | Over $647,850 | Over $539,900 |
Miguel and his wife are married and file taxes jointly. Together, they make $96,300 annually. What is their effective tax rate?
Group of answer choices
11.5%
8.3%
22%
15.8%
Jaime earns $56,000 annually. She is a single filer. What is her taxable income, assuming she has no above-the-line deductions??
Group of answer choices
$56,000
$43,050
$36,600
$30,100
Carlos and his partner are married and file taxes jointly. Together, they make $87,000 annually. What is their marginal tax rate?
Group of answer choices
12%
22%
24%
10%
Kiara is filing as the head of household. She makes $127,000 annually. What is the total amount of federal income taxes that she will owe?
Group of answer choices
$18,160.00
$30,480.00
$25,824.00
$24,315.50
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