This table shows the 2014 tax brackets for single taxpayers.

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Single Taxpayers (2014)

Taxable Income Between: Tax Rate

$0 l $9,075 l 10%

$9,075 l $36,900 l 15%

$36,900 l $89,350 l 25%

$89,350 l $186,350 l 28%

$186,350 l $405,100 l 33%

$405,100 l $406,750 l 35%

$406,750 l and above l 39.6%

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Phung works as a pharmacist in Tampa, Florida. Her income is $116,200 a year.

Which statements about Phung's income and tax situation are correct? Check all that apply.

1.) Phung will pay 28% of her total income in state taxes.

2.) The first $9,075 she makes each year will be taxed at 10%.

3.) Portions of Phung's income will be taxed at 10%, 15%, 25%, and 28%.

4.) Phung will pay 28% of her total income in federal taxes.

5.) After $36,000, Phung's taxable income will experience the greatest tax bracket increase.

(Economics)

Question

Zander Hess

History

19 January, 12:57

This table shows the 2014 tax brackets for single taxpayers.

---

Single Taxpayers (2014)

Taxable Income Between: Tax Rate

$0 l $9,075 l 10%

$9,075 l $36,900 l 15%

$36,900 l $89,350 l 25%

$89,350 l $186,350 l 28%

$186,350 l $405,100 l 33%

$405,100 l $406,750 l 35%

$406,750 l and above l 39.6%

---

Phung works as a pharmacist in Tampa, Florida. Her income is $116,200 a year.

Which statements about Phung's income and tax situation are correct? Check all that apply.

1.) Phung will pay 28% of her total income in state taxes.

2.) The first $9,075 she makes each year will be taxed at 10%.

3.) Portions of Phung's income will be taxed at 10%, 15%, 25%, and 28%.

4.) Phung will pay 28% of her total income in federal taxes.

5.) After $36,000, Phung's taxable income will experience the greatest tax bracket increase.

(Economics)

+4

Answers (2)

Know the Answer?

Demarion Herman · Answer 1

B. The first $9,075 she makes each year will be taxed at 10%.

C. Portions of Phung's income will be taxed at 10%, 15%, 25%, and 28%.

E. After $36,000, Phung's taxable income will experience the greatest tax bracket increase.

Lydia Mathews · Answer 2

If we assume that we are talking income taxes which are state taxes the onlly one correct is 1) Phung will pay 28% of her total income in state taxes.

If we also assume that the table is made to simplify the payment of taxes.