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Hasan Restaurant Group is a sole proprietorship that has taxable income of $147,200. Based on the partial individual tax schedule shown below, how much additional
Hasan Restaurant Group is a sole proprietorship that has taxable income of $147,200. Based on the partial individual tax schedule shown below, how much additional tax will be owed if the taxable income increases by $12,800? Assume this is the sole source of income for the owner.
Taxable Income Tax Rate
$0 9,950 10%
9,950 40,525 12%
40,525 86,375 22%
86,375 164,925 24%
Multiple Choice
$1,338.50
$2,688.00
$1,536.00
$2,816.00
$3,072.00
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