Use the 2010 federal income tax brackets and rates listed below to answer the following question.
Taxable Income
a) Dana had a taxable income of $39 500 in 2010. How much federal income tax should she report? (assuming tax rates remain the same)
b) Dana expects her taxable income to increase by 15% in 2011. How much federal tax would she expect to pay in 2011(assuming tax rates remain the same).

Question

Use the 2010 federal income tax brackets and rates listed below to answer the following question.
Taxable Income
  a) Dana had a taxable income of $39 500 in 2010. How much federal income tax should she report? (assuming tax rates remain the same)
b) Dana expects her taxable income to increase by 15% in 2011. How much federal tax would she expect to pay in 2011(assuming tax rates remain the same).

Quizplus · Accepted Answer

The Answer of Use the 2010 federal income tax brackets and rates listed below to answer the following question.
Taxable Income
  a) Dana had a taxable income of $39 500 in 2010. How much federal income tax should she report? (assuming tax rates remain the same)
b) Dana expects her taxable income to increase by 15% in 2011. How much federal tax would she expect to pay in 2011(assuming tax rates remain the same).

Use the 2010 Federal Income Tax Brackets and Rates Listed