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A single person earned $ 44,000 gross income in the year 2020 . They decided to take the standard deduction. How much of their income was taxed at 10 % ?

User Avinash Mb
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Final answer:

To determine the amount taxed at 10%, subtract the standard deduction from the gross income, calculate the taxable income, and determine the maximum amount that falls within the 10% tax bracket.

Step-by-step explanation:

To calculate how much of the income was taxed at 10%, we need to determine the taxable income first. Given that the person earned $44,000 gross income and decided to take the standard deduction, we need to subtract the deduction from the gross income. The standard deduction for a single person in 2020 was $12,400. Therefore, the taxable income would be $44,000 - $12,400 = $31,600.

Next, we need to calculate how much of the $31,600 taxable income falls within the 10% tax bracket. From the question, we don't have specific income ranges for the different tax brackets. Therefore, we cannot determine the exact amount that falls within the 10% bracket.

However, we can determine the maximum amount by assuming that the 10% tax bracket applies to the entire taxable income. In this case, the amount taxed at 10% would be $31,600 * 10% = $3,160.

User Leiflundgren
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