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If the taxable income totals $190000 what is the tax bill? Due at the begiuaing of class, October 24t Taxable Income Tax Payable 08,925 10%
If the taxable income totals $190000 what is the tax bill? Due at the begiuaing of class, October 24t Taxable Income Tax Payable 08,925 10% ofTI $8,925 36,250 S 36,250 87,850 S 87,850 183,250 S 183.250 398,350 S 398,350 400,000 Over $400,000 $ 892.50 + 15.0% of (TI- 8925) $ 4,991.25 + 25.0% of (TI- 36250) $17,891.25 28.0% of (TI- 87,850) S44,603.25 33,0% Of (TT- 183 250) $115,586.25 + 35.0% of (TI-398350) $116,163.75+ 39.6% of (TI-400,000) If the taxable income totals $190,000.00, what is the tax bill? (5 points)
If the taxable income totals $190000 what is the tax bill?
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