Table 12-11 -Refer to Table 12-11. If Bud Has Taxable Income of Taxable

question 105

Multiple Choice

Table 12-11
-Refer to Table 12-11. If Bud has taxable income of $78,000, his marginal tax rate is

• A)19.3%.
• B)24.0%.
• C)26.8%.
• D)34.0%.

---

Definitions:

Memory Capacity

The amount of data or information that can be stored in a device's memory system.

KB

Kilobyte, a unit of digital information storage equal to 1,024 bytes.

MB

Megabyte, a unit of digital information storage or transmission which comprises approximately 1 million bytes.

GB

Gigabyte, a unit of digital information storage equal to 1,024 megabytes or roughly 1 billion bytes.