Table 12-10
-Refer to Table 12-10. If Miss Kay has $80,000 in taxable income, her tax liability is
A)$11,581.
B)$16,181.
C)$20,000.
D)$24,881.

Question

Table 12-10 
-Refer to Table 12-10. If Miss Kay has $80,000 in taxable income, her tax liability is
A)$11,581. 
B)$16,181. 
C)$20,000. 
D)$24,881.

Quizplus · Accepted Answer

According to Table 12-10, if taxable income is between $80,000 and $85,000, the tax liability is $16,181 plus 24% of the amount over $80,000. So, Miss Kay's tax liability would be:
$16,181 + (0.24 × $0) = $16,181

Table 12-10 -Refer to Table 12-10. If Miss Kay Has $80,000 in Has