Answered

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12. Monica is an unmarried college student with no dependents. Last year, she
made $14,000 working part time as a medical assistant. Each year she files taxes
as Single, takes a standard deduction of $5700 and claims herself as only
exemption for $3650. Based on this information, what tax bracket does Monica
fall into?


Sagot :

azikennamdi

The tax bracket that Monica falls partly into is the $0 - $9,950 bracket. This is because her taxable annual earnings after is less than $9,950. hence she will be paying 10% of what's taxable.

What is a Tax Bracket?

A tax bracket is a tax group into which a person falls into depending on their annual income, number of dependents, and marital status.

It is important to know that tax brackets are reviewed from time to time.

Learn more about Tax Brackets at:

https://brainly.com/question/24102952

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