Quiz about Income Tax Brackets

Question 1

Calculate the tax owed for an individual with an income of $45,000, given the tax brackets: 10% for income up to $9,700, 12% for income between $9,701 and $39,475, and 22% for income above $39,475.

Accepted Answer

$4,453.50

Answer

$5,200

Answer

$4,000

Answer

$3,500

Question 2

Identify the tax bracket for an individual with an income of $30,000.

Accepted Answer

12%

Answer

25%

Answer

15%

Answer

20%

Question 3

If the tax rate for income up to $50,000 is 15%, what is the tax owed for an individual with an income of $48,000?

Accepted Answer

$7,200

Answer

$6,000

Answer

$8,500

Answer

$7,500

Question 4

Determine the tax bracket for an individual earning $80,000, with tax rates of 10% for income up to $9,875, 12% for income between $9,876 and $40,125, and 22% for income above $40,125.

Accepted Answer

22%

Answer

25%

Answer

15%

Answer

18%

Question 5

Calculate the tax owed for an individual making $60,000, with tax brackets of 10% for income up to $9,700, 12% for income between $9,701 and $39,475, and 22% for income above $39,475.

Accepted Answer

$8,739.50

Answer

$10,500.00

Answer

$9,000.00

Answer

$7,500.00

Question 6

Identify the tax bracket for an individual earning $25,000, with tax rates of 10% for income up to $9,700, 12% for income between $9,701 and $39,475, and 22% for income above $39,475.

Accepted Answer

12%

Answer

18%

Answer

15%

Answer

20%

Question 7

If the tax rate for income up to $70,000 is 20%, what is the tax owed for an individual with an income of $65,000?

Accepted Answer

$13,000

Answer

$10,000

Answer

$15,000

Answer

$12,000

Question 8

Determine the tax bracket for an individual with an income of $55,000, given the tax brackets: 10% for income up to $9,700, 12% for income between $9,701 and $39,475, and 22% for income above $39,475.

Accepted Answer

22%

Answer

25%

Answer

15%

Answer

18%

Question 9

Calculate the tax owed for an individual making $75,000, with tax rates of 10% for income up to $9,875, 12% for income between $9,876 and $40,125, and 22% for income above $40,125.

Accepted Answer

$10,451.25

Answer

$12,500.00

Answer

$15,750.00

Answer

$8,250.00

Question 10

Identify the tax bracket for an individual earning $35,000, with tax rates of 10% for income up to $9,700, 12% for income between $9,701 and $39,475, and 22% for income above $39,475.

Accepted Answer

12%

Answer

15%

Answer

18%

Answer

20%

Question 11

If the tax rate for income up to $90,000 is 25%, what is the tax owed for an individual with an income of $85,000?

Accepted Answer

$21,250

Answer

$23,500

Answer

$20,000

Answer

$22,500

Question 12

Determine the tax bracket for an individual with an income of $100,000, given the tax brackets: 10% for income up to $9,700, 12% for income between $9,701 and $39,475, and 22% for income above $39,475.

Accepted Answer

22%

Answer

18%

Answer

15%

Answer

25%

Question 13

Calculate the tax owed for an individual with an income of $30,000, given the tax rate of 10% for income up to $9,700, 12% for income between $9,701 and $39,475, and 22% for income above $39,475.

Accepted Answer

$3,573.50

Answer

$2,500.00

Answer

$3,000.00

Answer

$4,000.00

Question 14

If the tax rate for income up to $120,000 is 30%, what is the tax owed for an individual with an income of $110,000?

Accepted Answer

$33,000

Answer

$25,000

Answer

$30,000

Answer

$32,500

Question 15

Identify the tax bracket for an individual earning $50,000, with tax rates of 10% for income up to $9,700, 12% for income between $9,701 and $39,475, and 22% for income above $39,475.

Accepted Answer

22%

Answer

25%

Answer

15%

Answer

18%

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