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If a Person's Tax Liability Is $16,000,their Tax Bracket Is

Question 77

Multiple Choice

If a person's tax liability is $16,000,their tax bracket is 25%,and their tax credit is $1,500,what amount of taxes is due?


A) $12,000
B) $10,500
C) $13,500
D) $14,500

Correct Answer:

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