Table 12-2
Consider the Tax Rates Shown in the Table

question 12

Multiple Choice

Table 12-2
Consider the tax rates shown in the table below.
$$\begin{array} { | c | c | } \hline \text { Tax Rate } & \text { Income Range } \\\hline 8 \% & 0 - 15,000 \\\hline 16 \% & 15,000 - 35,000 \\\hline 24 \% & 35,000 - 75,000 \\\hline 34 \% & 75,000 - 145,000 \\\hline 36 \% & 145,000 - 330,000 \\\hline 38 \% & \text { over } 330,000 \\\hline\end{array}$$
-Refer to Table 12-2.If Mateo has taxable income of 165,000 dinar,his tax liability is

• A)23,800.
• B)36,000.
• C)45,000.
• D)47,698.

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Definitions:

Commercializing Innovation

The process of bringing new and innovative products or services to the market, turning ideas into commercial successes.

New Ideas

Original or innovative thoughts, concepts, or approaches that have not been previously implemented or explored.

Reduced Costs

refers to decreases in expenses or outlays, often achieved through efficiency improvements, negotiations, or adopting new technologies.

Competitive Advantage

Conditions or aspects that confer on a business a superior or more advantageous situation compared to competitors.