Select the correct answer from each drop-down menu.

Julia's taxable income is [tex] \$37,500 [/tex].

\begin{tabular}{|c|c|}
\hline
\multicolumn{2}{|c|}{Single Taxpayers: Income Brackets} \\
\hline
Tax Rate & Income Bracket \\
\hline
$10\%[tex]$ & $[/tex]0[tex]$ to $[/tex]9,525[tex]$ \\
\hline
$[/tex]12\%[tex]$ & $[/tex]9,526[tex]$ to $[/tex]38,700[tex]$ \\
\hline
$[/tex]22\%[tex]$ & $[/tex]38,701[tex]$ to $[/tex]82,500[tex]$ \\
\hline
$[/tex]24\%[tex]$ & $[/tex]82,501[tex]$ to $[/tex]157,500[tex]$ \\
\hline
$[/tex]32\%[tex]$ & $[/tex]157,501[tex]$ to $[/tex]200,000[tex]$ \\
\hline
$[/tex]35\%[tex]$ & $[/tex]200,001[tex]$ to $[/tex]500,000[tex]$ \\
\hline
$[/tex]37\%[tex]$ & $[/tex]>500,000[tex]$ \\
\hline
\end{tabular}

Julia's taxable income falls in the $[/tex]\square[tex]$ income bracket, and her total tax due is $[/tex]\square$.



Answer :

Given Julia's taxable income of [tex]$37,500, let's determine her income bracket and total tax due: 1. Income Bracket: - Julia's income of $[/tex]37,500 falls in the [tex]$9,526 to $[/tex]38,700 bracket.

2. Tax Calculation:
- For the first bracket ([tex]$0 to $[/tex]9,525) at 10%:
[tex]\[ 9,525 \times 0.10 = 952.50 \][/tex]
- For the second bracket ([tex]$9,526 to $[/tex]37,500) at 12%:
[tex]\[ (37,500 - 9,526 + 1) \times 0.12 = 27,975 \times 0.12 = 3,357 \][/tex]

Adding up these amounts:
[tex]\[ 952.50 + 3,357 = 4,309.50 \][/tex]

Thus, Julia's taxable income falls in the [tex]$9,526 to $[/tex]38,700 income bracket, and her total tax due is [tex]$4,309.50. So the completed text is: Julia's taxable income falls in the $[/tex]\boxed{9,526 \text{ to } 38,700}[tex]$ income bracket, and her total tax due is $[/tex]\boxed{4,309.50}$.