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 2016, how much federal tax will he owe?
A) $15,000.00
B) $12,021.25
C) $10,771.25
D) $8,072.50
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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