Author Question: Andrea and Shane are married and filing jointly. Their taxable income is 268,594. Find the tax ... (Read 213 times)

Starlight · **on:** Jun 24, 2018

Andrea and Shane are married and filing jointly. Their taxable income is 268,594. Find the tax liability using the Tax Rate Schedule, Exhibit 18-4 from your text. (Round your answer to the nearest cent if necessary)
A) 88,636.02
B) 77,546.52
C) 73,778.52
D) 64,540.52

Question 2

A markup of 33 based on cost is desired for a load of 800 bushels of peanuts. They were purchased at 5.85 per bushel. What should the selling price per bushel be after adjusting for an anticipated 21 spoilage rate? (Round answer to the nearest cent)
A) 7.78
B) 3.91
C) 10.56
D) 9.85