To determine the amount of tax owed on the portion of income falling within the 25% tax bracket, we need to perform the following calculations:
1. Identify the taxpayer's income: [tex]$50,000.
2. Identify the tax bracket percentage: 25%.
Next, we calculate the tax owed by multiplying the income by the tax bracket percentage.
Here's a step-by-step process:
1. Convert the percentage to a decimal:
25% = 0.25
2. Multiply the income by the decimal equivalent of the tax bracket:
\[
\text{Tax owed} = \text{income} \times \text{tax bracket}
\]
\[
\text{Tax owed} = 50000 \times 0.25
\]
3. Calculate the result:
\[
\text{Tax owed} = 12500
\]
So the tax owed is $[/tex]12,500.
Therefore, the correct answer is:
c) $12,500
