Question
Question) Compute the tax due for a client with a taxable income of $75,200 using the following tax table. Low High Rate $0 $19,750 %12
Question) Compute the tax due for a client with a taxable income of $75,200 using the following tax table.
| Low | High | Rate |
|---|---|---|
| $0 | $19,750 | %12 |
| $19,750 | $80,250 | %22 |
| $80,250 | $171,050 | %24 |
| $171,050 | $326,600 | %32 |
| $326,600 | - | %37 |
Enter answer in the form of dollar and cents...($3.75)
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Risk Management And Insurance
Authors: James TrieschmannSandra GustavsonSandra Gustavson, Robert HoytSandra Gustavson, Robert Hoyt, David Sommer
12th Edition
0324183208, 9780324183207
