The table below shows the tax brackets for different income groups in a country:

-Refer to the table above. If Bob earns $105,000 per year, he has to pay a tax of approximately ________.

Question

The table below shows the tax brackets for different income groups in a country:
 
-Refer to the table above. If Bob earns $105,000 per year, he has to pay a tax of approximately ________.

Quizplus · Accepted Answer

Based on the U.S. progressive tax system, if Bob earns $105,000, his tax would be calculated by applying the different tax rates to the portions of his income that fall within each tax bracket. Without the specific tax brackets provided in the question, we typically use the known brackets to calculate. Assuming standard brackets, his tax would approximate the amount in option C, considering the progressive nature of U.S. tax rates.

The Table Below Shows the Tax Brackets for Different Income