Based on the tax table and the taxable income of $25,000, the tax liability is D. $3,750.
The tax liability is the amount that is due on the taxable income of an individual, corporation, or other entity.
The applicable rate of tax, based on the taxable income bracket, is 15%.
Taxable income = $25,000
Tax bracket rate = 15%
Tax liability = $3,750 ($25,000 x 15%)
Thus, the tax due on a taxable income of $25,000 is Option D.
Complete Question:
Use this tax table to find how much tax you need to pay on a taxable income of $25,000. A. $2,576.25 B. $3,358.75 C. $5,934.25 D. $3,750
Taxable Income Tax Rate
$0-$50,000 15%
50,001-75,000 25
75,001-100,000 34
100,001- 335,000 39