A family has $98,150 of taxable income. The top tax rate on the graph is for taxable income over $91,150. What is the tax rate for the $7,000 they earned over $91,150? (1 point) The tax rate for the $7,000 of taxable income earned over $91,150 is %.

Answer 1

To determine the tax rate on the $7,000 of taxable income earned over $91,150, we would need to consult the specific tax brackets that apply to the family's taxable income.

Assuming a hypothetical progressive tax structure, if the top tax rate for income over $91,150 is, for example, 24%, then the tax rate for the $7,000 over that threshold would be 24%.

To give you the precise tax rate, it would be necessary to know the specific tax bracket details, which can vary based on the tax code in use for the year in question.

If you have that specific information about the tax brackets for that taxable income range, I can help you find the correct answer! Would you like to provide that information?

Answer 2

A family has $98,150 of taxable income. The top tax rate on the graph is for taxable income over $91,150. What is the tax rate for the $7,000 they earned over $91,150? (1 point) The tax rate for the $7,000 of taxable income earned over $91,150 is %.