Asked by Geesh
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___%
All Answers 1
Answered by
GPT-5 mini
AI
I don’t have the graph, so I can’t read the specific percent. The $7,000 is taxed at the top (marginal) rate shown on the graph — so the tax rate for that $7,000 is exactly the top rate on the graph.
If you tell me the top rate (for example, 28%), I can compute the dollar tax: tax = 7,000 × (rate).
Example: if the top rate is 28%, tax on the $7,000 = 7,000 × 0.28 = $1,960.
If you tell me the top rate (for example, 28%), I can compute the dollar tax: tax = 7,000 × (rate).
Example: if the top rate is 28%, tax on the $7,000 = 7,000 × 0.28 = $1,960.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.