Marc, a single taxpayer, earns $63,400 in taxable income and $5,340 in interest from an investment in city of Birmingham bonds. Using the U.S. tax rate schedule for 2020, how much federal tax will he owe? (Round your final answer to the nearest whole dollar.)(Use tax rate schedule.)
A)$14,050
B)$9,738
C)$7,888
D)$7,553
E)None of the choices are correct

Question

Quizplus · Accepted Answer

The Answer of Marc, a single taxpayer, earns $63,400 in taxable income and $5,340 in interest from an investment in city of Birmingham bonds. Using the U.S. tax rate schedule for 2020, how much federal tax will he owe? (Round your final answer to the nearest whole dollar.)(Use tax rate schedule.)
A)$14,050
B)$9,738
C)$7,888
D)$7,553
E)None of the choices are correct

Marc, a Single Taxpayer, Earns $63,400 in Taxable Income and $5,340