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    Business
  3. Study Set
    Fundamentals of Taxation
  4. Exam
    Exam 2: Expanded Tax Formula, forms 1040A and 1040, and Basic Concepts
  5. Question
    What Is the Amount of the Tax Liability for a Head
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What Is the Amount of the Tax Liability for a Head

Question 124

Question 124

Multiple Choice

What is the amount of the tax liability for a head of household person having taxable income of $122,500? All answers should be rounded to the nearest dollar.


A) $30,625.
B) $27,796.
C) $34,300.
D) $24,878.

Correct Answer:

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