Question

You have a job with a gross pay of $49946.

to answer the following questions based on the 2021 federal income tax brackets:

a. What is your tax bracket?
%
b. How much do you owe for federal taxes on:
filled tax brackets?
$

the partially filled tax bracket?
$

Answer 1

Based on the 2021 federal income tax brackets, the gross pay of $49,946 puts you in the 22% tax bracket. For the fully filled tax bracket, you would owe $10,890.50 in federal taxes, and for the partially filled tax bracket, you would owe $4,994.60 in federal taxes.