Solved

The Tax Rates Are as Shown Below

Question 135

Multiple Choice

The tax rates are as shown below. Your firm currently has taxable income of $98,650. How much additional tax will you owe if you increase your taxable income by $13,000? The tax rates are as shown below. Your firm currently has taxable income of $98,650. How much additional tax will you owe if you increase your taxable income by $13,000?   A)  $1,950.00 B)  $4,420.00 C)  $4,560.50 D)  $4,800.00 E)  $5,002.50


A) $1,950.00
B) $4,420.00
C) $4,560.50
D) $4,800.00
E) $5,002.50

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents