Use the image to answer the question.

Question

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?

The tax rate for the $7,000 of taxable income earned over $91,150 is ____%.

(1 point)
Responses

10
10

15
15

25
25

28
28
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Answer 1

To determine the tax rate for the $7,000 of taxable income that the family earned over $91,150, we need to refer to the information provided in the image or graph you mentioned regarding the applicable tax rates.

Based on the details given in the question, it states that the top tax rate applies to taxable income over $91,150. Since the options listed are 10%, 15%, 25%, and 28%, we need to identify the specific tax bracket that covers income above $91,150.

Assuming the standard tax brackets for the time mentioned, the tax rate for income over $91,150 is often 25% or 28% in many tax systems. Given that you did not provide the exact tax rates applicable in your scenario, I would suggest selecting either 25% or 28% based on common tax brackets.

If I had to infer from typical tax structures:

• If the income over $91,150 falls into the 25% tax bracket, then the answer would be 25%.
• If the income over $91,150 falls into the 28% tax bracket, then the answer would be 28%.

Without the actual graph to reference, I can't definitively choose. If you have information that specifies the rates, then you would select based on that. Can you provide more information about the graph?