Table 12-11
The following table presents the total tax liability for an unmarried taxpayer under four different tax schedules for the income levels shown.

-Refer to Table 12-11.Which tax schedule could be considered a lump-sum tax?
A) Tax Schedule B only
B) Tax Schedule B and Tax Schedule C
C) Tax Schedule D only
D) None of the tax schedules could be considered a lump-sum tax.

Question

Table 12-11
The following table presents the total tax liability for an unmarried taxpayer under four different tax schedules for the income levels shown.
 
-Refer to Table 12-11.Which tax schedule could be considered a lump-sum tax?
A) Tax Schedule B only 
B) Tax Schedule B and Tax Schedule C 
C) Tax Schedule D only 
D) None of the tax schedules could be considered a lump-sum tax.

Quizplus · Accepted Answer

A lump-sum tax is a tax that is paid in a single amount, regardless of income. Tax Schedule D is a lump-sum tax because it is a flat tax of $10,000.

Table 12-11 the Following Table Presents the Total Tax Liability for an for an Unmarried