9
lesson pretestMultiple Choice

Pretest

Question 9 • Mathematics for Data and Financial Literacy

Caden's taxable income is $⁢75,000 What is the amount of tax Caden owes for the taxable income between $⁢11,001 and $⁢44,725 if he is filing as a single filer? The tax rates for his income are shown in the table.

Answer
A
7 dollars comma 419 point 2 8
B
4 dollars comma 047 point 0 0
C
4 dollars comma 472 point 5 0
D
3 dollars comma 372 point 4 0

Explanation

The income in this bracket is $44,725 − $11,000 = $33,725. At the 12% rate for this bracket, the tax is $33,725 × 0.12 = $4,047.00, so the correct choice is $4,047.00.

AI-written and checked against the verified answer.

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