9
QuizMultiple Choice

Tax Withholdings — Quiz

Question 9 • Financial Math

If a single filer has a taxable income of $⁢50,000 , what is the amount of federal income tax they owe based on the 2023 tax brackets?

Answer
A
7 dollars comma 038
B
$8,328
C
6 dollars comma 307 point 1 6
D
$5,000

Explanation

For a single filer, the 2023 brackets tax the first $11,000 at 10%, the next $33,725 at 12%, and the remaining $5,275 of a $50,000 income at 22%. That totals $1,100 + $4,047 + $1,160.50 = $6,307.50, so the matching choice is D, about $6,307.16. The slight difference in cents appears to be a rounding or typo in the choice.

AI-written and checked against the verified answer.

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