Question

# Asher is married and has an annual income of \$106,000. He files...

Asher is married and has an annual income of \$106,000. He files jointly and has a taxable income of \$82,000. The tax brackets and tax rates are as follows:

\$0-\$19,050: 10%

\$19,050-\$77,400: 12%

\$77,400-\$165,000: 22%

Calculate Asher's tax and the effective tax rate.

• Asher pays \$18,040 in tax and has an effective tax rate of 17.50%.
• Asher pays \$7,002 in tax and has an effective tax rate of 7%.
• Asher pays \$9,919 in tax and has an effective tax rate of 9.36%.
• Asher pays \$23,320 in tax and has an effective tax rate of 23%.

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