Phung works as a pharmacist in Tampa, Florida. Her income is $⁢116,200 a year. Which statements about Phung’s income and tax situation are correct? Choose three correct answers.

Federal income tax rates are marginal, so each rate applies only to the portion of income within that bracket. The first $9,075 is taxed at 10%, and the rate rises most sharply after about $36,000, from 15% to 25%. Since Phung earns $116,200, portions of her income fall in the 10%, 15%, 25%, and 28% brackets. She does not pay 28% on all her income, and Florida has no state income tax.

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