Exhibit 11-4

-Refer to Exhibit 11-4. If a person's taxable income is $90,000,how much does he pay in taxes?

Name: Exhibit 11-4 -Refer to Exhibit 11-4. If a person's taxable income is $90,000,how much does he pay in taxes?
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Question

Exhibit 11-4
 
-Refer to Exhibit 11-4. If a person's taxable income is $90,000,how much does he pay in taxes?

Quizplus · Accepted Answer

Looking at Exhibit 11-4, we can see that for a taxable income of $90,000, the tax due is $19,250 which is the amount shown in the intersection of the "married filing jointly" column and the "taxable income between $80,000 and $90,000" row. Therefore, the correct answer is B.

Exhibit 11-4 -Refer to Exhibit 11-4. If a Person's Taxable Income Is