An income bracket is a category of people whose income falls within defined upper and lower levels.

In governmental planning, entire populations are divided into income brackets. These brackets are used to categorize demographic data as well as determine levels of taxation and welfare benefits.

See also

  • Tax bracket
  • Salary packaging

References



Tax Brackets 2024 Federal Irene Leoline

Understanding Federal Tax Rates and Brackets This is intended

2017 IRS Federal Tax Brackets Breakdown Example (Single) — My

[GET ANSWER] The table shows the tax brackets for different

2021 Brackets and Rates Bernardi Securities