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Refer to the Following Table to Answer the Next Questions

Question 62

Multiple Choice

Refer to the following table to answer the next questions:  2012 Federal Income Tax Brackets  Taxable Income  Tax Rate $0$8,70010 percent $8,701$35,35015 percent $35,351$85,65025 percent $85,651$178,65028 percent $178,651$388,35033 percent  Over $388,35035 percent \begin{array} { l l } \hline { \text { 2012 Federal Income Tax Brackets } } \\\hline \text { Taxable Income } & \text { Tax Rate } \\\hline \$ 0 - \$ 8,700 & 10 \text { percent } \\\$ 8,701 - \$ 35,350 & 15 \text { percent } \\\$ 35,351 - \$ 85,650 & 25 \text { percent } \\\$ 85,651 - \$ 178,650 & 28 \text { percent } \\\$ 178,651 - \$ 388,350 & 33 \text { percent } \\\text { Over } \$ 388,350 & 35 \text { percent } \\\hline\end{array}
-The U.S. federal income tax began in


A) 1910.
B) 1911.
C) 1912.
D) 1913.
E) 1914.

Correct Answer:

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