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Which tax bracket a person Falls into is determined by his or her ?

A. Salary
B. Taxable income
C. AGI
D.Gross income

User Bobbylank
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1 Answer

6 votes

Answer:

B. Taxable income

Explanation:

Taxable income is the amount of money that a person earns in a period of time that can be taxated by the government, you could earn money that is not taxated, for example life insurances from deceased family members is not taxable, also upto a certain amount of money as a gift is not taxable. So the tax bracket a person falls into depends solely on the taxable income that they make in a year.

User RobertKenny
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