Question

Question 1 of 10

How many different tax brackets are there in the United States currently?
OA. 35
OB. 1
OC. 6
OD. 10
SUBMIT

Answer 1

The United States currently has 7 different tax brackets, each with different tax rates based on income levels.

Step-by-step explanation:

In the United States, there are currently 7 different tax brackets. A tax bracket represents a range of income levels and corresponding tax rates. Each tax bracket has a different tax rate, and as your income increases, you move into a higher tax bracket with a higher tax rate. For example, the lowest tax bracket for the year 2021 is 10%, and the highest tax bracket is 37%.

Learn more about tax brackets in the United States