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Maureen Smith Is a Single Individual ?
What Is Her Federal Tax Liability?
?
A) $27,632

Question 98

Multiple Choice

Maureen Smith is a single individual.She claims one exemption of $4,050 for herself and claims a standard deduction of $6,350.Her salary for the year was $146,350.Assume the following tax table is applicable.
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Single Individuals
?  You Pay This  Plus This Percentage  Average Tax  If Your Taxable  Amount on the  on the Excess over the  Rate at  Income Is  Base of the Bracket  Base  Top of Bracket  Up to $9,325$0.0010.0%10.0%$9,325$37,950932.5015.013.8$37,950$91,9005,226.2525.020.4$91,900$191,65018,713.7528.024.3$191,650$416,70046,643.7533.029.0$416,700$418,400120,910.2535.029.0 Over $418,400121,505.2539.639.6\begin{array}{lccc} & \text { You Pay This } & \text { Plus This Percentage } & \text { Average Tax } \\\text { If Your Taxable } & \text { Amount on the } & \text { on the Excess over the } & \text { Rate at } \\\text { Income Is } & \text { Base of the Bracket } & \text { Base } & \text { Top of Bracket } \\\hline\text { Up to } \$ 9,325 & \$ 0.00 & 10.0 \% & 10.0 \% \\\$ 9,325-\$ 37,950 & 932.50 & 15.0 & 13.8 \\\$ 37,950-\$ 91,900 & 5,226.25 & 25.0 & 20.4 \\\$ 91,900-\$ 191,650 & 18,713.75 & 28.0 & 24.3 \\\$ 191,650-\$ 416,700 & 46,643.75 & 33.0 & 29.0 \\\$ 416,700-\$ 418,400 & 120,910.25 & 35.0 & 29.0 \\\text { Over } \$ 418,400 & 121,505.25 & 39.6 & 39.6\end{array}
?
What is her federal tax liability?
?


A) $27,632.25
B) $23,907.75
C) $31,047.75
D) $25,770.75
E) $28,253.25

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