Lucinda is married and filing a separate return. Her taxable income is 73,111. Find her tax liability by using the Tax Table, Exhibit 18-3 from your text.
A) 10,061
B) 14,138
C) 10,656
D) 12,694
Question 2
The wholesale cost of a desk is 490. The original markup was 69 based on selling price. Find the final sale price after the following series of price changes: a markup of 30, a markdown of 13, and a markdown of 36. (Round each intermediate selling price to the nearest cent)
A) 599.41
B) 1,144.14
C) 645.52
D) 616.07
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