What Is the Tax Liability for a Single Individual Who

question 26

Multiple Choice

What is the tax liability for a single individual who has taxable income of $115,500,that includes a taxable qualified dividend of $2,000? All answers should be rounded to the nearest dollar.

• A)$24,817.
• B)$32,411.
• C)$25,377.
• D)$25,117.

---

Definitions:

Truth In Advertising

A legal concept that obligates advertisers to be honest about their products and services in their communications.

Penalties

Consequences or sanctions imposed for violating rules, laws, or agreements.

Deceptive

Intentionally misleading or giving a false impression.

FTC

The Federal Trade Commission, a U.S. government agency responsible for consumer protection and the elimination and prevention of anticompetitive business practices.