Using the Following Table, Calculate the Taxes for an Individual

question 96

Multiple Choice

Using the following table, calculate the taxes for an individual with taxable income of $45,000. $$\begin{array} { l r } 10 \% & \text { Up to } \$ 8,500 \\15 \% & \$ 8,500 - \$ 34,500 \\25 \% & \$ 34,500 - \$ 83,600 \\28 \% & \$ 83,600 - \$ 174,400 \\33 \% & \$ 174,400 - \$ 379,150 \\35 \% & \text { Over } \$ 379,150\end{array}$$

• A) $6,025
• B) $7,375
• C) $8,625
• D) $20,900
• E) $45,000.

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Definitions:

Brainstorming

Involves generating ideas through “free-wheeling” and without criticism.

Freewheeling

Freewheeling is engaging in spontaneous, unstructured, and unrestricted behavior or thought, often allowing creativity and ideas to flow without limitation.

Majority Rule

A decision-making process where the option that receives more than half of the votes wins.

Co-acting Team Pattern

A team configuration where members work independently towards a common goal but their tasks do not require constant interaction among them.