Question 13 • 26-27 Career Planning and Development A/B 9842E 9843E
Phung works as a pharmacist in Tampa, Florida. Her income is $116,200 a year. Which statements about Phung’s income and tax situation are correct? Choose three correct answers.
Answer
A
Phung will pay 28 percent of her total income in federal taxes.
B
The first 9 dollars comma 075 she makes each year will be taxed at 10 percent .
C
Phung will pay 28 percent of her total income in state taxes.
D
After 36 dollars comma 000 , Phung’s taxable income will experience the greatest tax bracket increase.
E
Portions of Phung’s income will be taxed at 10 percent , 15 percent , 25 percent , and 28 percent .