Question

QUESTION 25 $6,300 standard deduction is not taxed $4,050 personal exemption is not taxed Next $9,275 of income is taxed at 10% Next $28,375 of income (above $9,275 but less than $37,650) is taxed at 15% Remaining $12,000 of income (above $37,650 but less than $91,150) is taxed at 25% $12,000 25% x $12,000 = $3,000 TOTALS $60,000 $0 + $0 + $927.50 + $4,256.25 + $3,000 = $8,183.75 Income Segment $6,300 $4,050 $9,275 0% x Amount of $6,300 = Income Tax 0% x $4,050 = 10% x $9,275 = 15% x $28,375 = $4,256.25 $0 $0 $927.50 Victoria's marginal tax rate is 25%. Refer to Figure 4-1. Approximately how much will Tony and Liz save in taxes as a result of their IRA contributions? a. $1,000 b. $3,000 c. $150 d. $450 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save

          QUESTION 25
$6,300 standard deduction is not taxed
$4,050 personal exemption is not taxed
Next $9,275 of income is taxed at 10%
Next $28,375 of
income (above
$9,275 but less
than $37,650) is
taxed at 15%
Remaining $12,000 of
income (above $37,650
but less than $91,150)
is taxed at 25%
$12,000
25% x $12,000 = $3,000
TOTALS
$60,000
$0 + $0 + $927.50 +
$4,256.25 + $3,000 = 
$8,183.75
Income
Segment
$6,300
$4,050
$9,275
0% x
Amount of
$6,300 =
Income Tax
0% x
$4,050 =
10% x
$9,275 =
15% x $28,375 =
$4,256.25
$0
$0
$927.50
Victoria's marginal tax rate is 25%.
Refer to Figure 4-1. Approximately how much will Tony and Liz save in taxes as a result of their IRA contributions?
a. $1,000
b. $3,000
c. $150
d. $450
Click Save and Submit to save and submit. Click Save All Answers to save all answers.
Save

QUESTION 25
6,300 standard deduction is not taxed4,050 personal exemption is not taxed
Next 9,275 of income is taxed at 10%
Next28,375 of
income (above
9,275 but less
than37,650) is
taxed at 15%
Remaining 12,000 of
income (above37,650
but less than 91,150)
is taxed at 25%12,000
25% x $12,000 = $3,000
TOTALS
60,0000 + 0 +927.50 +
4,256.25 +3,000 =
8,183.75
Income
Segment6,300
4,0509,275
0% x
Amount of
6,300 =
Income Tax
0% x4,050 =
10% x
9,275 =
15% x $28,375 =4,256.25
00
927.50
Victoria's marginal tax rate is 25%.
Refer to Figure 4-1. Approximately how much will Tony and Liz save in taxes as a result of their IRA contributions?
a.1,000
b. 3,000
c.150
d. 450
Click Save and Submit to save and submit. Click Save All Answers to save all answers.
Save

Added by Andrea H.

Question

Please give Ace some feedback