Fraser's taxable income is $53,540. According to the table below, the federal tax payable is: Taxable Income Federal Tax Rate $46,605 or less (Base Amount) 15% Between $46,605 and $93,208 15% on the first $46,605 20.5% on income in excess of $46,605 More than $93,208, but not more than $144,489 15% on the first $46,605 20.5% on the next $46,605 26% on the income between $93,208 and $144,489 More than $144,489, but not more than $205,842 15% on the first $46,605 20.5% on the next $46,605 26% on the income between $93,208 and $144,489 29% on the income between $144,489 and $205,842 More than $205,842 15% on the first $46,605 20.5% on the next $46,605 26% on the income between $93,208 and $144,489 29% on the income between $144,489 and $205,842 33% on all income over $205,842 Question 4 options: $5,654.68 $1,421.68 $9,452.68 $8,412.43 $0.00