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IFSE Institute Investments & Banking CIFC Question # 43 Topic 5 Discussion

CIFC Exam Topic 5 Question 43 Discussion:
Question #: 43
Topic #: 5

Kerry's total income this past year was $100,000 and she claimed a tax deduction of $2,000. When the tax return is filed, what would be the federal tax payable when applying the following federal tax rates?

(Round to the closest whole dollar for the final answer.)

CIFC Question 43


A.

$17,472


B.

$18,754


C.

$24,000


D.

$25,480


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