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? Check all that apply.
Answer
P
Phung will pay 28% of her total income in state taxes.
T
The first $9,075 she makes each year will be taxed at 10%.
P
Portions of Phung’s income will be taxed at 10%, 15%, 25%, and 28%.
P
Phung will pay 28% of her total income in federal taxes.
A
After $36,000, Phung’s taxable income will experience the greatest tax bracket increase.