The tax liability for a single individual with taxable income of $90,312 is:
A) $14,294.
B) $18,463.
C) $18,467.
D) $18,915.

Question

Quizplus · Accepted Answer

The tax liability for a single individual with a taxable income of $90,312 falls into the 2023 U.S. federal income tax brackets. The calculation involves applying the tax rates to the income within each bracket up to $90,312, resulting in a tax liability of $18,467.

The Tax Liability for a Single Individual with Taxable Income