Use the image to answer the question.

Question

Quadrant 1 of a coordinate plane shows the x axis labeled taxable income and the y axis labeled tax rate.

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 for the $7,000 earned over $91,150, we need to refer to the tax rate indicated for that income bracket on the graph in Quadrant 1.

Assuming you're able to view the graph, look for the tax rate that applies to taxable income levels over $91,150. If the graph indicates a specific tax rate for income in this range, that will be the tax rate for the $7,000 earned over $91,150.

For example, if the graph shows that the tax rate for the income over $91,150 is, say, 25%, then the answer would be:

The tax rate for the $7,000 of taxable income earned over $91,150 is 25%.

Please check the graph to find the exact tax rate for your specific situation.