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Income Segment Amount of Income Tax $6,300 standard deduction is not taxed $4,050 personal exemption is not taxed Next $9,275 of income is taxed

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Income Segment Amount of Income Tax $6,300 standard deduction is not taxed $4,050 personal exemption is not taxed Next $9,275 of income is taxed at 10% Next $28,375 of income (above Remaining $12,000 of income (above $37,650 but less than $91,150) is taxed at 25% TOTALS $9,275 but less than $37,650) is taxed at 15% $6,300 $4,050 $9,275 $28,375 $12,000 $60,000 0% x $6,300 $0 0% x $4,050 $0 10% x $9,275- 15% x $28,375- $4,256.25 25% x $12,000- $3,000 $927.50 $0+50+$927.50 + $4.256.25 + $3,000- 58,183.75 Victoria's marginal tax rate is 25%. Refer to Figure 4-1. What is Tony and Liz's adjusted gross income? O a. $55,400 O b. $6,100 Oc. $60,000 O d. $43.800

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