Table 12-20
The following table presents the total tax liability for an unmarried taxpayer under four different tax schedules for the income levels shown.
-Refer to Table 12-20. Which tax schedule could be considered a lump-sum tax?
A)Tax Schedule B only
B)Tax Schedule B and Tax Schedule C
C)Tax Schedule D only
D)None of the tax schedules could be considered a lump-sum tax.

Question

Table 12-20
The following table presents the total tax liability for an unmarried taxpayer under four different tax schedules for the income levels shown. 
-Refer to Table 12-20. Which tax schedule could be considered a lump-sum tax?
A)Tax Schedule B only 
B)Tax Schedule B and Tax Schedule C 
C)Tax Schedule D only 
D)None of the tax schedules could be considered a lump-sum tax.

Quizplus · Accepted Answer

A lump-sum tax is a tax that is paid in a single payment, regardless of the taxpayer's income. Tax Schedule D is the only tax schedule that meets this definition.

Table 12-20 the Following Table Presents the Total Tax Liability for an for an Unmarried