To determine the marginal tax rates that will apply to a single taxpayer with a taxable income of \[tex]$75,000, we need to analyze how this income falls within the given tax brackets.
The provided tax bracket table is:
1. 10% for income from \$[/tex]0 to \[tex]$9,525
2. 12% for income from \$[/tex]9,526 to \[tex]$38,700
3. 22% for income from \$[/tex]38,701 to \[tex]$82,500
4. 24% for income from \$[/tex]82,501 to \[tex]$157,500
5. 32% for income from \$[/tex]157,501 to \[tex]$200,000
6. 35% for income from \$[/tex]200,001 to \[tex]$500,000
7. 37% for income above \$[/tex]500,000
Given the taxable income of \[tex]$75,000, the marginal tax rates that apply are:
- 10% for the income portion from \$[/tex]0 to \[tex]$9,525
- 12% for the income portion from \$[/tex]9,526 to \[tex]$38,700
- 22% for the income portion from \$[/tex]38,701 to \[tex]$75,000
Hence, these are the marginal tax rates applicable to a single taxpayer with a taxable income of \$[/tex]75,000:
10%, 12%, and 22%
