Question

Which of the following taxpayers may not use the Tax Table method?

1) Taxpayers with taxable income above $95,000
2) Taxpayers with taxable income below $20,000
3) Taxpayers with taxable income above $100,000
4) Taxpayers with taxable income between $75,000 and $95,000
5) Taxpayers with taxable income between $25,000 and $75,000

Answer 1

Taxpayers with taxable income above $100,000 may not use the Tax Table method for calculating their taxes since the tables are designed for use within specific income ranges only.

Step-by-step explanation:

The question of which taxpayers may not use the Tax Table method falls under the subject of taxation, more specifically related to U.S. income tax code. Taxpayers with taxable income above certain thresholds are not permitted to use the tax tables when calculating their owed taxes. Based on the information provided, taxpayers with taxable income above $100,000 cannot use the Tax Table method to determine their taxes. The Tax Table is designed to simplify the calculation for taxpayers with incomes within certain ranges, and the threshold for its applicability can change from year to year due to indexing for inflation.