The federal tax is levied at three different rates on different ______________ of income: 15 percent on taxable income under $50,000; 25 percent on income between $50,000 and $75,000; and 34 percent on income above that.
A. brackets
B. components
C. portions
D. segments
Answer:A
The federal tax is levied at three different rates on different ______________ of income: 15 percent on taxable income under $50,000; 25 percent on income between $50,000 and $75,000; and 34 percent on income above that.
A. brackets B. components C. portions D. segments