Personal Earnings. Perry makes $26.35 per hour and he works 37.5 hours per week, what is his total tax based on the following rate (round to the nearest cent)? Taxable Income Tax Rate $0 to $13,000.00 0.00% $13,001.00 to $50,000.00 7.65% $50,001.00 to $110,000.00 11.38% $110,001.00 and more 16.82% O a. $2,987.83 O b. $2,936.26 O c. $5,847.33 O d. $3,930.76
Personal Earnings. Perry makes $26.35 per hour and he works 37.5 hours per week, what is his total tax based on the following rate (round to the nearest cent)? Taxable Income Tax Rate $0 to $13,000.00 0.00% $13,001.00 to $50,000.00 7.65% $50,001.00 to $110,000.00 11.38% $110,001.00 and more 16.82% O a. $2,987.83 O b. $2,936.26 O c. $5,847.33 O d. $3,930.76
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 44P
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Transcribed Image Text:Personal Earnings. Perry makes $26.35 per hour and he works 37.5 hours per week, what is his
total tax based on the following rate (round to the nearest cent)?
Taxable Income
Tax Rate
$0 to $13,000.00
0.00%
$13,001.00 to $50,000.00
7.65%
$50,001.00 to $110,000.00
11.38%
$110,001.00 and more
16.82%
O a. $2,987.83
O b. $2,936.26
O c. $5,847.33
O d. S3,930.76
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