Question

Use the tax brackets and rales in the tabe below to computo tho fogeral tax for dim, who is deciaring taxable income of 1. \$4.,000 Round off your answer to 2 decimal ponts.

A. $69,000
B. $7,100.00
C. $6,90000
D. $8,400,00

Answer 1

To find the federal tax for Dim, who is declaring taxable income of $41,000, you need to refer to the tax brackets and rates provided in the table. The tax owed would be $2,481.25 + 0.15 × ($41,000 - $9,875), which is $6,951.25. Therefore, the correct answer is C. $6,900.00.

Step-by-step explanation:

To find the federal tax for Dim, who is declaring taxable income of $41,000, you need to refer to the tax brackets and rates provided in the table. If the taxable income is $41,000, the tax can be calculated using the second row of the table. The tax owed would be $2,481.25 + 0.15 × ($41,000 - $9,875), which is $6,951.25.

Therefore, the correct answer is C. $6,900.00.