Table:
If Taxable Income Is Over -- But Not Over
\(\left[\begin{array}{ccc}$0&$7,825\\$7,825&$31,850\\$31,850&$77,100\\$77,100&$160,850\\$160,850&$349,700\\$349,700&No-Limit\end{array}\right]\)
The Tax Is:
10 percent of the amount over $0
$782.50 plus 15 percent of the amount over 7,825
$4,386.25 plus 25 percent of the amount over 31,850
$15,698.75 plus 28 percent of the amount over 77,100
$39,148.75 plus 33 percent of the amount over 160,850
$101,469.25 plus 35 percent of the amount over 349,700
Answer Choices:
\(\left[\begin{array}{ccc}A.$12,348.80\\B.$4,386.25\\C.$13,380.00\\D.$8,993.75\end{array}\right]\)
Answers:
\(\left[\begin{array}{ccc}A.$12,348.807&Wrong\\B.$4,386.25&Wrong\\C.$13,380.00&Correct\\D.$8,993.75&Wrong\end{array}\right]\)
