Answered

According to the table below, which of these is a possible taxable income for
a taxpayer filing with the Single filing status in the 25% federal income tax
bracket?
Single
Taxable
But not
income is
Bracket
over
over
$0
8.350
10%
8.650
33.950
15%
33,950
82 250
25%
82,250
171,550
28%
171,550
372,950
33%
372,950
35%

Answer :

Lanuel

Based on the table, a possible taxable income for a taxpayer filing with the Single filing status is $50,000.

What is taxation?

Taxation can be defined as the involuntary (compulsory) fees that are levied on individuals or business firms by the government of a particular country, so as to generate revenues that can be used to fund public institutions and activities.

Based on the table, the range of income for a married couple that is filing singly in the 25% federal income tax bracket is $33,950 to $82,250.

This ultimately implies that, a possible taxable income for a taxpayer filing with the Single filing status is $50,000.

Read more on tax here: https://brainly.com/question/25783927

Other Questions