Assume tax rates on single individuals are 10% on taxable income up to $9,275,15% on income of $9,276 to $37,650 and 25% on income of $37,651 to $91,150.What is the tax liability for a single individual with $52,000 of taxable income,which includes $2,000 of dividends?
A) $8,771.25
B) $9,103.50
C) $8,603.50
D) $8,356.25
Correct Answer:
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