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According to the following chart, a single taxpayer with taxable income of $38,701 would pay how much in income tax? Taxable Income $0 to
According to the following chart, a single taxpayer with taxable income of $38,701 would pay how much in income tax? Taxable Income $0 to $9,525 $9,526 to $38,700 $38,701 to $82,500 $82,501 to $157,500 $157,501 to $200,000 $200,001 to $500,000 $500,001 and over Tax 10% of income $952.50 plus 12% of income over $9,525 $4.453.50 plus 22% of income over $38,700 $14,089.50 plus 24% of income over $82.500 $32,089.50 plus 3 of incom over $157,500 $45,689.50 plus 35% of in ver $200,000 $150,689.50 plus 37% of incover $500.000 (Select the best answer below.) OA. $952.50 OB. $5,406.00 C. $4,453.50 OD. $9,636.00 OE. $14,089.50 313
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