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Use the following tax table to answer this question: Taxable Income Tax Rate $ 0 - 9,525 10 % 9,525 - 38,700 12 38,700 -

Use the following tax table to answer this question:

Taxable Income Tax Rate
$ 0 - 9,525 10 %
9,525 - 38,700 12
38,700 - 82,500 22
82,500 - 157,500 24
157,500 - 200,000 32
200,000 - 500,000 35
500,000 + 37

Andrews Dried Fruit, LLC has taxable income of $630,000. How much does it owe in taxes?

Multiple Choice

  • $141,750

  • $154,800

  • $198,790

  • $$220,500

  • $$233,100

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