Question
Taxable Income Tax Rates $0-$10,500 10 percent $10,501-$40,200 15 percent $40,201-$98,000 20 percent $98,001-$145,000 25 percent Above $145,000 30 percent 33) Refer to the table
Taxable Income
Tax Rates
$0-$10,500
10 percent
$10,501-$40,200
15 percent
$40,201-$98,000
20 percent
$98,001-$145,000
25 percent
Above $145,000
30 percent
33) Refer to the table above. If Bob earns $105,000 per year, he has to pay a tax of approximately ________.
A) $6,400
B) $12,600
C) $18,675
D) $19,600
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Macroeconomics Theories and Policies
Authors: Richard T. Froyen
10th edition
013283152X, 978-0132831529
