Question

An individual with $35,000 in taxable

income pays $970 for the 10% tax
bracket, and $3,036 for the 12% bracket.
What is the overall federal income tax
payment for this individual?
A. $4,006
C. $3,506
B. $32,036
D. $2,030

Answer 1

The overall federal income tax payment for this individual would be $970 + $3,036 = $4,006. So the correct answer is A. $4,006.

Explanation:

The individual pays $970 for the 10% tax bracket and $3,036 for the 12% tax bracket. Adding these two amounts together gives us a total federal income tax payment of $4,006.