Use the income tax table (Table 3.3 on page 125 of your text) to calculate. What is your federal tax payable if you had taxable income of $134 763?
A) $26 879.92
B) $29 125.10
C) $33 345.47
D) $35 270.64
E) $39 083.01

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.

Use the Income Tax Table (Table 3