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Determine in each of the following cases the correct contribution to pay. Use the following table to compute them: Taxable Years beginning after 12/31/2012 If
Determine in each of the following cases the correct contribution to pay. Use the following table to compute them:
Taxable Years beginning after 12/31/2012 If the net income subject to tax is:
The tax will be: No greater than $ 9,000 0% 7% of the excess over $ 9,000 In excess of $ 9,000, but not in excess of $ 25,000 $ 1,120 plus 14% of the excess over $ 25,000 In excess of $ 25,000, but not in excess of $ 41,500 $ 3,430 plus 25% of the excess over $ 41,500 In excess of $ 41,500, but not in excess of $ 61,500 $ 8,430 plus 33% of the excess over $ 61,500 In excess of $ 61,500
Dean had a taxable net income of $ 8,799 Mary had a taxable net income of $ 12,500 John had a taxable net income of $ 62.00 Bobby had a taxable net income of $ 60,500 Sam had a taxable net income of $ 26,500
$0; $245; $8,180; $8,595; $1,330
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