Question
For a single person in 2011, adjusted gross income under $8,500 was taxed at 10%. Income over $8,500 but under $34,500 was taxed at 15%.
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For a single person in 2011, adjusted gross income under $8,500 was taxed at 10%. Income over $8,500 but under $34,500 was taxed at 15%. What is the total tax that somebody earning $25,000 in 2011 would pay?
$4,750
$4,600
$2,475
$3,325
$3,750
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
