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What is a tax bracket?​

User AvisSiva
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1 Answer

5 votes

Answer:

There are seven tax brackets for most ordinary income: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent. Your tax bracket depends on your taxable income and your filing status: single, married filing jointly or qualifying widow(er), married filing separately, and head of household.

I hope this helps a little bit.

User Darryl RN
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