Recall that Daniel's taxable income is $33,914. According to the single taxable income tax brackets for 2018, the amount of inco me 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
1 answer:
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
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