Homework Answers
Ans: ( B) $ 99,137
Explanation:
1) Income tax bracket for 2019:
| $ 408,201 - $612,350 = $93,257 + 35% of the amount over $408,200 |
2) Tax Liability:
= $ 93,257 + ( $ 425,000 - $408,200* 35%)
= $93,257 + $5880
= $99,137
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