Raul has an adjusted income of $153,850, is married, and files jointly. Compute his tax.
Revised 2003 Tax Rate Schedules If TAXABLE INCOMEThe TAX is Is OverBut Not OverThis AmountPlusThis %Of theExcess OverSCHEDULE Y-1 -Married Filing Jointlyor Qualifying Widow(er)$0$14,000$0.0010%$0.00$14,000$56,800$1,400.0015%$14,000$56,800$114,650$7,820.0025%$56,800$114,650$174,700$22,282.5028%$114,650$174,700$311,950$39,096.5033%$174,700$311,950-$84,389.0035%$311,950
A. $32,082.50
B. $10,976.00
C. $33,258.50
D. $22,282.50
E. $22,377.50
Answer: C
Mathematics
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