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Calculate the person income taxes payable

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Reference no: EM133000745

Problem 1: A person has taxable income of $96,700 for the year. The personal tax rate is 15% on the first $44,100 of taxable income, 22% on the next $44,100, and 26% on any remaining income. Calculate the person's income taxes payable.

Select one:

a. $18,371
b. $18,527
c. $18,735
d. $19,021
e. $18,267

Reference no: EM133000745

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