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Use the Following Tax Table to Answer This Question \quad

Question 74

Multiple Choice

Use the following tax table to answer this question: \quad \quad  Taxable Income\text { Taxable Income} \quad  Tax Rate\text { Tax Rate}
$050,00015%50,00175,0002575,001100,00034100,001335,00039335,00110,000,00034\begin{array}{|r|r|c|}\hline \$ 0- & 50,000 & 15 \% \\\hline 50,001- & 75,000 & 25 \\\hline 75,001- & 100,000 & 34 \\\hline 100,001- & 335,000 & 39 \\\hline 335,001- & 10,000,000 & 34 \\\hline\end{array} Comfy Inn earned $218,310 in taxable income for the year.How much tax does the company owe?


A) $86,311.20
B) $85,140.90
C) $68,390.90
D) $69,998.20
E) $65,240.10

Correct Answer:

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