Use the following tax table to answer this question:
Bait and Tackle has taxable income of $411 562.How much does it owe in taxes?

Question

Quizplus · Accepted Answer

Looking at the tax table, we can see that the tax owed on $411,562 falls between the income ranges of $379,150 to $416,700. 
Therefore, using the formula given for calculating tax in that range: 
$127,120.00 + 0.33($411,562 - $379,150) = $139,931.08 
So the amount of tax owed is $139,931.08. 
Therefore, the answer is D.

Use the Following Tax Table to Answer This Question