1 answer

Suppose that the lowest three tax brackets for U.S. personal income tax are as shown: Income...

Question:

Suppose that the lowest three tax brackets for U.S. personal income tax are as shown:

Income    Marginal Tax Rate
0-20,000 10%
20,001-50,000 20%
50,001-90,000 30%

If someone's income is $60,000, then what is that person's tax bill?

A.

$11,000

B.

$18,000

C.

$12,000

D.

$20,000


Answers

.

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