Marc, a Single Taxpayer, Earns $60,000 in Taxable Income and $5,000

Multiple Choice

Marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax rate schedule for year 2014, how much federal tax will he owe?

A) $15,000.00
B) $12,375.00
C) $10,856.25
D) $9,412.50
E) None of these