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Jurisdiction M Imposes an Individual Income Tax Based on the Following

Question 28

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Jurisdiction M imposes an individual income tax based on the following schedule.  Rate  Income bracket 58$0 to $50,000+88$50,001 to $200,000+128$200,001 and above \begin{array}{rr}\text { Rate }&\text { Income bracket }\\58 & \$-0-\text { to } \$ 50,000 \\+88 & \$ 50,001 \text { to } \$ 200,000 \\+128 & \$ 200,001 \text { and above }\end{array} Ms. Owen has $314,000 taxable income. Compute the tax on this income.


A) $29,680
B) $28,180
C) $37,680
D) None of the choices are correct.

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