Question: Use the following tax table to answer this question: $0 - $50,000; 15% $50,001 - $75,000; 25% $75,001 - $100,000; 34% $100,001 - $335,000; 39%

Use the following tax table to answer this question: $0 - $50,000; 15% $50,001 - $75,000; 25% $75,001 - $100,000; 34% $100,001 - $335,000; 39% %335,001 - $10,000,000; 34% The Stone Inn earned $167,284 in taxable income for the year. How much tax does the company owe on this income? Select one: a. $46,311.02 b. $48,490.76 c. $54,519.27 d. $59,998.81 e. $65,240.76

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