Kamryn Brown is single and earns $50,000 in taxable income and will use the following tax rate schedule to calculate the taxes he owes. 0-10,275 10% 10,276-41,775 12% 41,776-89,075 22% 89,076-170,050 24% Calculate the dollar amount of taxes that Kamryn owes. Select one: Oa. $2,737.66 O b. $6,616.66 O c. $10,000.00 O d. $17,587.66 e. $11,000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Kamryn Brown is single and earns $50,000 in taxable income and will use the following tax rate schedule to calculate
the taxes he owes.
0-10,275
10%
10,276-41,775
12%
41,776-89,075
22%
89,076-170,050
24%
Calculate the dollar amount of taxes that Kamryn owes.
Select one:
O a. $2,737.66
O b. $6,616.66
O c. $10,000.00
O d. $17,587.66
O e. $11,000
Transcribed Image Text:Kamryn Brown is single and earns $50,000 in taxable income and will use the following tax rate schedule to calculate the taxes he owes. 0-10,275 10% 10,276-41,775 12% 41,776-89,075 22% 89,076-170,050 24% Calculate the dollar amount of taxes that Kamryn owes. Select one: O a. $2,737.66 O b. $6,616.66 O c. $10,000.00 O d. $17,587.66 O e. $11,000
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