To determine the tax rate for the $7,000 earned over $91,150, you need to refer to the relevant tax bracket for that income level. Given that the taxable income is $98,150, the income over $91,150 is $7,000.
In the tax brackets, income over $91,150 usually falls into the next tax rate category. Typically, for single filers in the United States, the tax brackets for 2023 are as follows:
- 10% on income up to $11,000
- 12% on income over $11,000 up to $44,725
- 22% on income over $44,725 up to $95,375
- 24% on income over $95,375 up to $182,100
- 32% on income over $182,100 up to $231,250
- 35% on income over $231,250 up to $578,125
- 37% on income over $578,125
Since the income of $98,150 is over $91,150 but below $95,375, the next applicable tax rate for the $7,000 earned over $91,150 falls into the 24% tax bracket.
Therefore, the tax rate for the $7,000 they earned over $91,150 is 24%.
However, since that option is not presented in your question, we can infer the tax rate correctly based on provided options.
Looking at the options, if we categorize the increases the following way based on United States tax brackets:
- Since $91,150 is below $95,375, it's likely that the increment just above would be at 24%, which can align closely but not exactly with the presented option values.
Given that all other options (which you mentioned) do not correspond directly and assuming that the intention is to identify the closest from a truncated list, if we consider the provided option structure, we may have to round or approximate.
If based on the common tax tables, for the purpose of answering according to the question options presented, let’s find the next closest common could suggest that the increases for tax brackets indicates
You could evaluate that often times options might highlight lower rates in proximity approaching, so if the question asked strictly sticks to percentages to classify which is closest, thus the answers to select from would typically revolve where '25' might resonate as closer upon context dialogue rather potentially than 28 or 15 base.
Finally, I would suggest clarifying how taxable income slots traditionally provide what stricture at that scale suggests:
The tax rate for the $7,000 of taxable income earned over $91,150 is inferred to present 24%, but if you must select from the options, select '25%', as that coherently fits within the broad scope of potential tax rate approximations commonly representational under normalized tax bracket progressions if that's standing next available standpoint.
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