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Kim Lee Is Single and Earns $32,000 in Taxable Income

Question 70

Multiple Choice

Kim Lee is single and earns $32,000 in taxable income.He uses the following tax rate schedule to calculate the taxes he owes. Kim Lee is single and earns $32,000 in taxable income.He uses the following tax rate schedule to calculate the taxes he owes. Calculate the dollar amount of estimated taxes that Kim owes. A) $3,200.00 B) $3,649.50 C) $3,840.00 D) $7,040.00 E) $7,680.00 Calculate the dollar amount of estimated taxes that Kim owes.


A) $3,200.00
B) $3,649.50
C) $3,840.00
D) $7,040.00
E) $7,680.00

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