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Kim Ye Is Single and Earns $40,000 in Taxable Income

Question 62

Multiple Choice

Kim Ye is single and earns $40,000 in taxable income.He uses the following tax rate schedule to calculate the taxes he owes.
Kim Ye is single and earns $40,000 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) $4,000.00 B) $5,771.25 C) $6,000.00 D) $10,000.00 E) $11,200.25 Calculate the dollar amount of estimated taxes that Kim owes.


A) $4,000.00
B) $5,771.25
C) $6,000.00
D) $10,000.00
E) $11,200.25

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