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Select all the correct locations on the image.

On the tax bracket table, choose all the marginal tax rates that will apply to a single taxpayer with a taxable income of [tex]$\$ 75,000[tex]$[/tex].

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



Answer :

GinnyAnswer
To determine which tax rates apply to a single taxpayer with a taxable income of [tex]$\$[/tex]75,000[tex]$, we need to locate the relevant tax brackets this income falls into. Here are the steps: 1. Identify the income brackets and their rates: - $[/tex]0[tex]$ to $[/tex]9,525[tex]$: $[/tex]10\%[tex]$ - $[/tex]9,526[tex]$ to $[/tex]38,700[tex]$: $[/tex]12\%
- [tex]$38,701$[/tex] to [tex]$82,500$[/tex]: [tex]$22\% - $[/tex]82,501[tex]$ to $[/tex]157,500[tex]$: $[/tex]24\%
- [tex]$157,501$[/tex] to [tex]$200,000$[/tex]: [tex]$32\% - $[/tex]200,001[tex]$ to $[/tex]500,000[tex]$: $[/tex]35\%
- Greater than [tex]$500,000$[/tex]: [tex]$37\% 2. Determine which brackets $[/tex]75,000[tex]$ falls under: - The taxable income of $[/tex]\[tex]$75,000$[/tex] falls within the [tex]$38,701$[/tex] to [tex]$82,500$[/tex] bracket.

3. Identify the marginal tax rate for the [tex]$75,000$[/tex] income:
- The corresponding tax rate for the bracket [tex]$38,701$[/tex] to [tex]$82,500$[/tex] is [tex]$22\%$[/tex].

Therefore, the marginal tax rate that applies to a single taxpayer with a taxable income of [tex]$\$[/tex]75,000[tex]$ is: \[ \boxed{22\%} \] So, the correct location on the tax bracket table is at the $[/tex]22\%[tex]$ tax rate under the income bracket of $[/tex]38,701[tex]$ to $[/tex]82,500.