Multiple Choice
Mr.and Mrs.David file a joint tax return.They have $169,300 taxable income in 2017,$120,300 of which is ordinary income and $49,000 of which is taxed at a 15% preferential rate.Compute their tax savings from the preferential rate.
A) $6,370
B) $5,386
C) $4,900
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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