Jayde had $33,000 of taxable income in 2018. Based on the table, how much federal income tax will Jayde owe in 2018? Marginal Tax Rates, 2018
10% on the first $9,525 of income
12% on taxable income over $9,525 to $38,700
22% on taxable income over $38,700 to $82,500
24% on taxable income over $82,500 to $157,500
32% on taxable income over $157,500 to $200,000
35% on taxable income over $200,000 to $500,000
37% on taxable income over $500,000
O $3,960.00
O $3,769.50
O $3,490.50
O $3,300.00

$3,769.50

Explanation:

The computation of federal income tax is shown below:-

Since the taxable income is $33,000

So on the first $9,525 the 10% tax rate is charged i.e $952.50

Now the remaining amount left i.e

= ($33,000 - $9,525) × 12%

= $2,817

So, the total federal income tax for the year 2018 is

= $952.50 + $2,817

= $3,769.50

Hence, the second option is correct

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.