Digital PSAT Math Practice Question 199: Answer and Explanation
Question: 199
A politician proposes a new federal tax bracket system for single tax payers with the following tax rates for the given ranges of income:
Taxable Income Range | Tax Rate |
$0 up to $9,000 | 15% |
Greater than $9,000 up to $50,000 | 20% |
Greater than $50,000 | 30% |
If Julian has only $8,000 in taxable income, what is the total amount of federal tax he would pay under the proposed system?
- A. $400
- B. $800
- C. $1,200
- D. $1,600
Correct Answer: C
Explanation:
(C) Since the amount of money he earns is only $8,000, it falls within the first tax bracket of 15%. Multiply 0.15 by $8,000 to find the total amount of tax on his income:
0.15 × 8,000 = 1,200
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