Macmillan Learning Tax Bracket Tax Rate $0.00+ 10% $11,600.00+ 12% $47,150.00+ 22% $100,525.00+ 24% $191,950.00+ 32% $243,725.00+ 35% $609,350.00+ 37% Given this Federal Income Tax schedule, what would your income tax be if you had a taxable income of $20,000? $2,400 $3,233 $2,000 $2,168

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Macmillan Learning
Tax Bracket Tax Rate
$0.00+ 10%
$11,600.00+ 12%
$47,150.00+ 22%
$100,525.00+ 24%
$191,950.00+ 32%
$243,725.00+ 35%
$609,350.00+ 37%
Given this Federal Income Tax schedule, what would your income tax be if you had a taxable income of $20,000?
$2,400
$3,233
$2,000
$2,168
es fro
(32 rating.
Transcribed Image Text:Macmillan Learning Tax Bracket Tax Rate $0.00+ 10% $11,600.00+ 12% $47,150.00+ 22% $100,525.00+ 24% $191,950.00+ 32% $243,725.00+ 35% $609,350.00+ 37% Given this Federal Income Tax schedule, what would your income tax be if you had a taxable income of $20,000? $2,400 $3,233 $2,000 $2,168 es fro (32 rating.
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