Question

In a year, Ivan earns $10,000 in taxable income from his part-time job. Using the above table, how much

federal income tax does Ivan owe?
O $1006
O $1500
O $970
O $1000
Question 2
1 pt

Answer 1

Answer: 1000

The 10% rate applies to income from $1 to $10,000; the 20% rate applies to income from $10,001 to $20,000; and the 30% rate applies to all income above $20,000. Under this system, someone earning $10,000 is taxed at 10%, paying a total of $1,000. Someone earning $5,000 pays $500, and so on.

Answer 2

Answer:970

Explanation: