What Is the Tax Liability for an Individual with $52,000

question 63

Multiple Choice

What is the tax liability for an individual with $52,000 of income,which includes $2,000 of dividends,if the tax rate is 15% on income up to $25,350 and 28% on income over $25,350?

• A) $11,704.50
• B) $11,264.50
• C) $14,000.00
• D)$14,560.00