Multiple Choice
The following tax schedule applies to an individual. Her taxable income is $40,000. How much is her total tax? 10% of the first $10,000
15% of the next $15,000
25% of the next $10,000
35% of the next $20,000
A) $8,500
B) $10,000
C) $7,500
D) $7,000
Correct Answer:
Verified
Correct Answer:
Verified
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