Use the income tax table 3.3 on page 133 of your text to calculate. What is your federal tax payable if you had taxable income of $134 763?

Question

Quizplus · Accepted Answer

The correct federal tax payable is calculated using the tax brackets and rates provided in the income tax table. Based on the taxable income of $134,763, the tax is calculated by applying the appropriate rates to each portion of the income within the specified brackets, resulting in $29,125.10.

Use the Income Tax Table 3