Susan made $40,000 in taxable income last year. Suppose the income tax rate is 15% for the
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Question:
Susan made $40,000 in taxable income last year. Suppose the income tax rate is 15% for the first $7500 plus 19% for the amount over $7500.
How much must Susan pay in income tax for last year?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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