Assume a single taxpayer is taxed at 10% on the first $9,875 of taxable income, 12% on the next $30,250 of income, and at 22% for the following $45,400 of income. What is the tax liability for a single individual with $55,500 of taxable income, which includes $2,700 of dividends?

Multiple Choice

$8,440.00

$9,126.25

$8,000.00

$9,873.50