Whitney is paid with straight commission of 6.55 %, and her expected annual sale is $2,150,000.00. What based on the following rate (round to the nearest cent)? Taxable Income Tax Rate $0 to $12,000.00 0.00% $12,001.00 to $56,000.00 6.70% $56,001.00 to $100,000.00 10.30% $100,001.00 and more 15.25%

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter24: Multistate Corporate Taxation
Section: Chapter Questions
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Whitney is paid with straight commission of 6.55 %, and her expected annual sale is $2,150,000.00. What is his total tax
based on the following rate (round to the nearest cent)?
Taxable Income
Tax Rate
$0 to $12,000.00
0.00%
$12,001.00 to $56,000.00
6.70%
$56,001.00 to $100,000.00
10.30%
$100,001.00 and more
15.25%
O a. $14,504.98
O b. $13,705.81
O c. $21,475.81
O d. $19,645.81
P Type here to search
23
ASUS
Transcribed Image Text:Whitney is paid with straight commission of 6.55 %, and her expected annual sale is $2,150,000.00. What is his total tax based on the following rate (round to the nearest cent)? Taxable Income Tax Rate $0 to $12,000.00 0.00% $12,001.00 to $56,000.00 6.70% $56,001.00 to $100,000.00 10.30% $100,001.00 and more 15.25% O a. $14,504.98 O b. $13,705.81 O c. $21,475.81 O d. $19,645.81 P Type here to search 23 ASUS
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