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 of taxable income earned over $91,150?

(1 point)
The tax rate for the $7,000 of taxable income earned over $91,150 is:
%
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1 answer

To determine the tax rate for the $7,000 of taxable income earned over $91,150, we need to refer to the provided tax brackets. Based on your context, since the top tax rate applies to taxable income over $91,150, any income earned beyond that threshold is taxed at that top rate.

However, you didn't specify the actual top tax rate from the graph. Typically, tax rates can vary widely depending on the country, jurisdiction, and specifics of the tax laws.

If you can provide the specific tax rate that applies to taxable income over $91,150, I can assist you further in confirming the rate for that $7,000 of taxable income.

If the rate is, for example, 24%, then the tax rate for the $7,000 of income earned over $91,150 would also be 24%. Please provide the specific tax rate for a definitive answer.