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Marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in interest from an investment...

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 2019, how much federal tax will he owe? (Round your final answer to the nearest whole dollar.) (Use tax rate schedule.)

$13,200

$7,638

$6,812

$9,059

None of the choices are correct

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Answer #1

Topic: How to Calculate a Tax

Answer: D

Explanation: $9,059

= $4,543 + 0.22 ($60,000 − $39,575)

rounded to the nearest dollar.

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