For a single taxpayer with a taxable income of [tex]$75,000, let's identify which marginal tax rates apply based on the given tax brackets.
1. 10% Tax Rate:
- This rate applies to the income from $[/tex]0 to [tex]$9,525.
- Since $[/tex]75,000 exceeds this bracket, the first [tex]$9,525 of the income will be taxed at 10%.
2. 12% Tax Rate:
- This rate applies to the income from $[/tex]9,526 to [tex]$38,700.
- Since $[/tex]75,000 exceeds this bracket, the amount from [tex]$9,526 to $[/tex]38,700 will be taxed at 12%.
3. 22% Tax Rate:
- This rate applies to the income from [tex]$38,701 to $[/tex]82,500.
- The [tex]$75,000 income falls within this bracket, so the amount from $[/tex]38,701 to [tex]$75,000 will be taxed at 22%.
4. 24% Tax Rate and Above:
- These rates apply to incomes exceeding $[/tex]82,500, [tex]$157,500, $[/tex]200,000, and [tex]$500,000 respectively.
- Since $[/tex]75,000 does not exceed these brackets, these rates do not apply.
As a result, the correct marginal tax rates that apply to a single taxpayer with a taxable income of $75,000 are 10%, 12%, and 22%.
