Question: Select the correct answer. Based on the following tax table, how is the tax payable on a taxable income of $64,000 calculated? Taxable Income Tax

Select the correct answer. Based on the following tax table, how is the tax payable on a taxable income of $64,000 calculated? Taxable Income Tax Rate $0 to $9,875 10% $9,876 to $40,125 12% $40,125 to $85,525 22% A. 22% x ($64,000 - $40,125) B. 10% x $9,875 + 12% x ($40,125 - $9,875) + 22% x ($64,000 - $40,125) C. 22% x ($85,525 - $64,000) D. 10% x $9,875 + 12% x ($40,125 - $9,875) + 22% x ($85,525 - $64,000)

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