Solve the Problem $15 \%$ Marginal Rate Affects Income Starting At $\$ 8925$

question 11

Multiple Choice

Solve the problem. Refer to the table if necessary. 2013 Marginal Tax Rates, Standard Deductlons, and Exemptlons**


"Each higher marginal rate begins where the prior one leaves off. For example, for a single person, the $15 \%$ marginal rate affects income starting at $\$ 8925$ , which is where the $10 \%$ rate leaves off, and continuing up to $\$ 36,250$ .
" "This table ignores the effects of (i) exemption and deduction phase-outs that apply to high-income taxpayers and (ii) the alternative minimum tax (AMT) that affects many middle-and high-income taxpayers.
-Kelly and Kurt are married filing jointly with a taxable income of $92,745. Calculate the amount of tax owed.

• A)$15,044
• B)$23,186
• C)$12,311
• D)$15,936

---

Definitions:

Misrepresenting

The act of presenting information in a way that is false or misleading.

Truth Telling

The act of providing honest and accurate information or disclosure.

Distributive Bargaining

A negotiation strategy that involves a fixed amount of resources to be divided between parties, often leading to a win-lose situation.

Deceptive Tactics

Strategies or maneuvers employed in negotiation or persuasion that involve misleading or falsely representing information.