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Use the following table to answer the next two questions. Taxable Income Up to $10,000 $10,000.01-$35,000 Above $35,000.01 . If Alice's income from her job is $46,000, then what would her tax liability be using the table above? Tax Rate 0% 10% 20% a. $4,600 b. $4,700 c. $9,200 d. None of the options given is Alice's tax liability.

Use the following table to answer the next two questions. Taxable Income Up to $10,000 $10,000.01-$35,000 Above $35,000.01 . If Alice's income from her job is $46,000, then what would her tax liability be using the table above? Tax Rate 0% 10% 20% a. $4,600 b. $4,700 c. $9,200 d. None of the options given is Alice's tax liability.

Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter11: Fiscal Policy And The Federal Budget
Section: Chapter Questions
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> > Use the following table to answer the next two questions. Tax Rate Taxable Income Up to $10,000 $10,000.01-$35,000 0% 10% Above $35,000.01 20% 14. If Alice's income from her job is $46,000, then what would her tax liability be using the table above? a. $4,600 b. $4,700 c. $9,200 d. None of the options given is Alice's tax liability.
Transcribed Image Text:> > Use the following table to answer the next two questions. Tax Rate Taxable Income Up to $10,000 $10,000.01-$35,000 0% 10% Above $35,000.01 20% 14. If Alice's income from her job is $46,000, then what would her tax liability be using the table above? a. $4,600 b. $4,700 c. $9,200 d. None of the options given is Alice's tax liability.
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