Question
Assuming that the following tax rate schedule applies, what is your tax liability given ordinary taxable income of $87,400? 10% ($0-$9,875) .12% ($9,875-$40,125) 22%
Assuming that the following tax rate schedule applies, what is your tax liability given ordinary taxable income of $87,400? 10% ($0-$9,875) .12% ($9,875-$40,125) 22% ($40,125-$85,525) .24% ($85,525-$163,300) 32% ($163,300-$207,350 .35% ($207,350-$518,400) .37% (over $518,400)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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