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Exhibit 14-3 -Refer to Exhibit 14-3. Calculate the Tax If an Individual

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Exhibit 14-3 Exhibit 14-3   -Refer to Exhibit 14-3. Calculate the tax if an individual makes a total of $150,000 in income, has deductions of $8,000, and receives an exemption of $2,500 for each of five dependents.
-Refer to Exhibit 14-3. Calculate the tax if an individual makes a total of $150,000 in income, has deductions of $8,000, and receives an exemption of $2,500 for each of five dependents.

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$39,550
Taxable income = $150,000 -$8,00...

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