Question: USE THE TAX TABLE PROVIDED BELOW FOR THE FOLLOWING PROBLEM(S) Taxable income Tax on this income 0 - $18,200 Nil $18,201 - $37,000 19c for

USE THE TAX TABLE PROVIDED BELOW FOR THE FOLLOWING PROBLEM(S) Taxable income Tax on this income 0 - $18,200 Nil $18,201 - $37,000 19c for each $1 over $18,200 $37,001 - $87,000 $3,572 plus 32.5c for each $1 over $37,000 $87,001 - $180,000 $19,822 plus 37c for each $1 over $87,000 $180,001 and over $54,232 plus 45c for each $1 over $180,000 What is the tax liability for an individual with taxable income of $85,000? $23,800 $16,867 $19,172 $18,427

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