A family with a taxable income of $10,000 has to pay ______ in federal income tax.

Taxable Income

The portion of an individual's or corporation's income that is subject to taxes by government authorities.

Federal Income Tax

A tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Learn about the fundamentals and importance of marginal and average tax rates in the U.S. tax regime.

Verified Answer

Final Answer :

$1,000

Learning Objectives

Learn about the fundamentals and importance of marginal and average tax rates in the U.S. tax regime.