Bob is single and his tax rates are 10% on the first $8375 of taxable income, 15% of the amount over $8375 up to $34,000 of taxable income and 25% on the remainder. He has $61,090taxable income. What's his tax liability?
Bob is single and his tax rates are 10% on the first $8375 of taxable income, 15% of the amount over $8375 up to $34,000 of taxable income and 25% on the remainder. He has $61,090taxable income. What's his tax liability?
Chapter11: Property Dispositions
Section: Chapter Questions
Problem 47P
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Bob is single and his tax rates are 10% on the first $8375 of taxable income, 15% of the amount over $8375 up to $34,000 of taxable income and 25% on the remainder. He has $61,090taxable income. What's his tax liability?
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