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Kim Ye is single and earns $53,000 in taxable income. He uses the following tax rate schedule to calculate the taxes he owes. Taxable income:

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Kim Ye is single and earns $53,000 in taxable income. He uses the following tax rate schedule to calculate the taxes he owes. Taxable income: Over- But not Tax rate 10% 15% over Up to $8,375 | $8,375 $34,000 $34,000 $82,400 $82,400 $171,850 25% 28%, - Calculate the dollar amount of taxes Kim owes. (Round your answer to 2 decimal places.) Multiple Choice $13,250.00

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