Maureen Smith is a single individual. She claims one exemption of $4,050 for herself and claims a standard deduction of $6,350. Her salary for the year was $146,350. Assume the following tax table is applicable. ? Single Individuals ? ? If Your Taxable Income Is You Pay This Amount on the Base of the Bracket Plus This Percentage on the Excess over the Base Average Tax Rate at Top of Bracket Up to $9,325 $0.0010.0%10.0%$9,325-$37,950 932.5015.0 13.8 $37,950-$91,900 5,226.2525.0 20.4 $91,900-$191,650 18,713.7528.0 24.3 $191,650-$416,700 46,643.7533.0 29.0 $416,700-$418,400 120,910.2535.0 29.0 Over $418,400 121,505.2539.6 39.6 ? What
is her federal tax liability? ?
A. $27,632.25
B. $23,907.75
C. $31,047.75
D. $25,770.75
E. $28,253.25
Answer: C
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