Question

Given a filing status as single and the tax $15,675, identify the taxable income interval that was used to determine the tax.

a) $80,000 to $85,000
b) $85,000 to $90,000
c) $90,000 to $95,000
d) $95,000 to $100,000

Answer 1

The exact taxable income interval for a $15,675 tax cannot be determined without current tax brackets, but it would be associated with higher income intervals among the given options.

Step-by-step explanation:

The taxable income interval used to determine a single filer's tax of $15,675 can be identified by understanding how the marginal tax rate works in the United States tax system. Without the specific tax brackets for the relevant tax year, it's challenging to determine the exact interval. Nonetheless, for illustrative purposes, if we consider a simplified tax system where the marginal rates increase as the income increases, the tax due would align with the interval where the applied marginal rate results in the tax amount of $15,675. Typically, higher tax due is associated with higher income intervals. Therefore, without the exact current tax brackets and rates, the exact interval cannot be provided. However, one would generally expect a tax of $15,675 to correspond to a significant level of income within the range provided by the options, likely placing it towards the higher end of the intervals suggested.