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zalisa [80]
2 years ago
12

Laura is a single taxpayer, she has $35,000 in ordinary taxable income and $5,000 in capital gains on an investment she held for

2 years. use the tables to complete the statement
Mathematics
1 answer:
Kay [80]2 years ago
6 0

Going by the information given above, Laura is most likely going to belong to the tax bracket where the rate payable is 12%. This is because she is a single filer and her income is between $10,276 and $41,775.

<h3>What is a tax bracket?</h3>

Tax brackets are a series of income and tax layers by which people are defined based on how much they earn per annum.

The tax rates range from 10% to 37%. The rate applicable to a person or group of persons depends on

  • whether or not they are single
  • If married, whether they are filing jointly; and
  • how much their annual income is subject to deductibles.

It is to be noted that a general answer was provided here due to insufficient details in the question.

Learn more about tax brackets at:

brainly.com/question/1615513

#SPJ1

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