Assume that Daniel's taxable income after taking the standard deduction is $33,914. Which equations will Daniel need to use to calculate the amount of income tax on his taxable income, where x is the amount of
taxable income that's taxed at the corresponding marginal tax rate and y is the amount of taxes owed?
1. y = 0.10%
II. y = 0.12%
III. y = 0.22x
IV. y = 0.24x
V. y = 0.32x
VI. y = 0.35x
VII. y = 0.37x
Select the correct answer.
oland 11
I, II, and III
IV, V, VI, and VII
VII only