The maximum dollar amount of income taxes in the $37,450-$90,750 "bracket" paid by a single filer with taxable income of $90,750 would be:

Question

Quizplus · Accepted Answer

The maximum tax in the $37,450-$90,750 bracket is calculated by applying the tax rate for that bracket to the income within the bracket. The tax rate for this bracket is 25%, and the income range is $53,300 ($90,750 - $37,450). Therefore, the tax is 25% of $53,300, which equals $13,325.

The Maximum Dollar Amount of Income Taxes in the $37,450-$90,750