-Refer to Exhibit 11-4.If a person's taxable income is $50,000,how much does he pay in taxes?

Question

Quizplus · Accepted Answer

Based on the information provided, the correct calculation for the tax on a $50,000 taxable income would align with the tax brackets and rates given in Exhibit 11-4. Without seeing the exhibit, the most accurate answer can't be determined directly from the question. However, given the options provided and typical tax calculation methods, option B is selected as the correct answer, assuming it aligns with the progressive tax rates and brackets that would typically apply to a $50,000 income. This involves applying the correct tax rates to the respective portions of the income within the tax brackets leading up to $50,000.