What is the amount of the tax liability for a single person having taxable income of $59,200? All answers should be rounded to the nearest dollar.
A) $10,656.
B) $9,100.
C) $10,663.
D) $14,800.

Question

Quizplus · Accepted Answer

Using the 2021 tax tables for a single individual, the tax liability for a taxable income of $59,200 would be $10,663. This calculation takes into account the standard deduction and tax brackets for that income level. Therefore, choice C is the correct answer.

What Is the Amount of the Tax Liability for a Single