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Taxable income $0 - 9,525 Tax Rate 9,525 - 38,700 38,700 - 82,500 82,500 - 157,500 157,500 - 200,000 200,000 - 500,000 35 500,000 Stacey's
Taxable income $0 - 9,525 Tax Rate 9,525 - 38,700 38,700 - 82,500 82,500 - 157,500 157,500 - 200,000 200,000 - 500,000 35 500,000 Stacey's Fabrics, a sole proprietorship earned $260,000 in taxable income for the year. How much tax does the company owe? A) $96,220 B) $91,000 C) $66,690 D) $62,400 E) $57,200
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