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Income Tax Fundamentals 2020

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter7: Tax Credits

Section: Chapter Questions

Problem 7MCQ

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Macmillan Learning
Tax Bracket Tax Rate
$0.00+ 10%
$11,600.00+ 12%
$47,150.00+ 22%
$100,525.00+ 24%
$191,950.00+ 32%
$243,725.00+ 35%
$609,350.00+ 37%
Given this Federal Income Tax schedule, what would your income tax be if you had a taxable income of $20,000?
$2,400
$3,233
$2,000
$2,168
es fro
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