Question

Felix has a gross income of $18,000. (single filer and not claimed as a
dependent on someone else's tax return).
What is the taxable income for the
10% bracket for this scenario? $

Answer 1

Answer:Felix's total tax due is "$560".

According to the question,

Gross income,

$18,000

Standard deduction,

$12,400

Now,

The taxable income will be:

=  

=  

=  ($)

hence,

The tax due will be:

=  

=  

=  ($)

Thus the above approach is right.