10
QuizMultiple Choice
Tax Basics
Question 10 • SNHS Financial Math - MA2007
Ralph’s current annual income is $32,000. Using the graph shown below, Ralph has calculated that he will have to pay a total of $9,280 in federal taxes this year. Which of the following statements is true?
Answer
A
Ralph’s calculation is too high, he has only calculated state taxes.B
Ralph’s calculation is too high, his calculation includes state taxes.C
Ralph’s calculation is correct, he will have to pay $9,280 in federal taxes this year.D
Ralph’s calculation is too low, he did not include medical care in his calculation.