Question

Recall that Daniel's taxable income is $33,914. According to the single taxable income tax brackets for 2018, the amount of income tax that Daniel owes is____
A)$3,391.40
B)$3,501.16
C)$3,653.14
D)$3,879.18
E)$4,069.69

Answer 1

Answer: E. $4,069.69

Step-by-step explanation:

For individuals who have an income that's between $9,526 to $38,700, their tax rate is 12%.

Therefore, since Daniel's taxable income is $33,914. According to the single taxable income tax brackets for 2018, the amount of income tax that Daniel owes will be:

= 12% × $33,914

= 12/100 × $33,914

= 0.12 × $33,914

= $4,069.69