Multiple Choice
Table 20.1 :
The table shows the taxable income range and marginal tax rates for a single taxpayer in Oceania.There are no exemptions or deductions on personal income taxes in Oceania.
-Refer to Table 20.1. George is a single taxpayer with an income of $65,000. If George had received a raise of $3,500 at the beginning of the year, he would have paid an additional ________ in income tax.
A) $665
B) $945
C) $1,000
D) $1,330
Correct Answer:
Verified
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