Jordan is a single taxpayer with taxable income of $35,000. Use this tax bracket table to compute Jordan’s total tax due. Single Taxpayers: Income Brackets Tax Rate Income Bracket 10% 0 to 9,525 12% 9,526 to 38,700 22% 38,701 to 82,500 24% 82,501 to 157,500 32% 157,501 to 200,000 35% 200,001 to 500,000 37% > 500,000 Jordan must pay a total tax due of using the marginal rates of .

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TREKKER TREKKER · Answer 1 · 2020-05-07T01:02:03+02:00

Answer:

$4200

Step-by-step explanation:

12% of 35000, because it's between 9,526 and 38,700.

That is .12 * 35000 = $4200

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tutorconsortium005 tutorconsortium005 · Answer 2 · 2022-06-16T20:29:00+02:00

Jordan must pay a total tax due using the marginal rates of $4200.

This is because the tax rate is 12% since the Income brackets lie between 9,526 to 38,700.

The tax bracket gives the range of taxable incomes for a specified tax rate.

These brackets are used for calculating income tax.

Given that Jordan is a single taxpayer with a taxable income of $35,000.

So, the tax bracket has a tax rate of 12% and 9,526 to 38,000.

then the marginal rate is 12% of 38,000. I.e, $4200.

Therefore, the tax bracket - 12% tax rate and 9,526 to 38,000 income bracket gives the marginal rates of $4200.

Learn more about the tax brackets here:

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