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

Multiple Choice

Solve the problem. Refer to the table if necessary. 2013 Marginal Tax Rates, Standard Deductions, 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.
-Mark earned $40,208 from wages as a mechanic and made $1539 in interest. Calculate his FICA tax.

A) $3060.52
B) $3075.91
C) $3098.23
D) $3193.65