What Is the Amount of the Tax Liability for a Single

question 81

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 Tablesor Tax Rate Schedules.

• A)$10,656.
• B)$10,578.
• C)$14,800.
• D)$9,300.

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Definitions:

Basic Innovations

Fundamental changes and introductions of new ideas, products, or methods that significantly alter industries or markets.

Economic Development

The process by which the economic well-being and quality of life of a nation, region, or local community are improved according to targeted goals and objectives.

Birth Rate

Birth rate is a demographic measure representing the number of live births per 1,000 people in a given year.

Military Spending

The portion of a national budget allocated for defense and security forces.