What Is the Amount of the Tax Liability for a Single

question 47

Multiple Choice

What is the amount of the tax liability for a single person having taxable income of $59,200? All answers should be rounded to the nearest dollar. Use the appropriate Tax Tables or Tax Rate Schedules.

• A)$10,656.
• B)$9,350.
• C)$10,545.
• D)$14,800.

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Definitions:

Direct Labor

The wages or costs associated with workers who are directly involved in the production of goods or services.

Activity Level

The volume of production or the rate of operations in a business activity.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, allowing for more precise cost control.

Food And Supplies

These are consumable items bought and used in the operations of businesses, particularly in the restaurant and hospitality industries.